won't offer a job to Alan Fishman, chief executive of
, and certain other high-level executives, according to published reports.
JPMorgan last week purchased the bank assets of Washington Mutual, the nation's largest savings and loan association, for $1.9 billion, after federal regulators took over WaMu's operations.
JPMorgan told new employees Thursday that in addition to Fishman, employees that won't be retained include President Steve Rotella, chief legal officer Michael Solender, and executive vice president Todd Baker. Their last day is Friday, the
Wall Street Journal
reports. Chief Financial Officer Tom Casey is staying on through the end of the year.
WaMu employees were told they should know their outlook at the newly combined company by Dec. 1, JPMorgan spokesman Tom Kelly said, according to
This article was written by a staff member of TheStreet.com.