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Washington Mutual CEO Attended UI

Washington Mutual, hit hard by rising delinquencies and defaults on mortgages, said Tuesday that it will receive $7 billion in new capital from an investment group led by private equity firm TPG but will post a wider-than-expected loss for the first quarter. The mortgage and credit crises have forced leaders of other troubled financial institutions to step down, but so far Washington Mutual chief executive Kerry Killinger's job seems secure. Killinger, at the helm since 1990, has a bachelor's degree and Master of Business Administration from UNIVERSITY OF IOWA. The online publication is based in Florida. The article also appeared in the HOUSTON CHRONICLE, FORBES.COM and several other publications.

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