on Mutual might not be done acquiring other institutions. According to National Mortgage News, Killinger stated that potential acquisitions will need to pass a number of hurdle tests. These tests would include a requirement that the acquired companies be accretive to earnings during the first year, and that any acquisition would be required to provide an internal rate of return of not less than 20% ("WaMu Confident that Servicing Fee Can Be Reduced", 2003, 2).
The Washington Mutual family of companies, which employed approximately 64,000 people on Decemberá31, 2003, includes the following:
Washington Mutual Bank, a $194.72 billion financial services company, which provides state of the art financial products and services to consumers and
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