Washington Mutual (WM) Chief Executive Kerry Killinger has made some big mistakes and ranks among the major executives who have mismanaged their companies, one of the troubled mortgage lender's largest investors said on Tuesday.
"He's up there with the senior executives who steered these major institutions the wrong way," said David Dreman, chairman and chief investment officer of Dreman Value Management LLC.
"He's made some pretty big mistakes," Dreman said in a telephone interview. "He's been very good at building the company, but he's been very bad at some of his decisions."
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