Tag:
Ken Thompson
Latest Headlines
Latest Headlines
What's up with Wachovia?
First a CEO, now loan portfolios? After Wachovia ousted Ken Thompson, it reportedly hired Goldman Sachs to help it find a new CEO--an odd move to be sure, given the executive headhunting specialists out there. Now comes word that Wachovia has hired Goldman again, this time to advise on its
Countrywide to be Ken Lewis's undoing?
The sacking of former Wachovia CEO Ken Thompson shows how one deal really can blow a guy's career. True, Wachovia had run into considerable problems, but the bank's ill-timed Golden West deal was the final straw for the board. Will the Countrywide deal wreak the same sort of havoc (except
Thompson's legacy at Wachovia
Ken Thompson's career was built on savvy deals only to be undone by a single deal. The make-the-man deal was First Union's merger with Wachovia . As CEO of First Union, Thompson struck a savvy deal that paid Wachovia shareholders a middling premium; he also retained the Wachovia brand. Another
Washington Mutual board makes big changes
The board of Washington Mutual is getting busy, as it should. It certainly doesn't want to be seen as a done-nothing sort of board that fiddled while the company burned. It announced that it has stripped controversial CEO Kerry Killinger of the chairman title. This is somewhat foreboding. Reca
Wachovia CEO is ousted
Another CEO bites the dust. Analyst Richard Bove was among those who predicted that G. Kennedy Thompson, CEO of Wachovia for the past 8 years and employee for more than 30 years, would be sacked . In hindsight, it seems like an easy call. No board right now wants to be seen as going easy on the
Will CEO turmoil continue?
We've seen a lot of high profile CEO lose their jobs. Stanley O'Neal. Chuck Prince. Jimmy Cayne. But at least one MarketWatch commentator thinks at least two other fairly big name CEOs ought to be similarly shown the door. He says that Ken Thompson, of Wachovia, and Kerry Killinger, of Wash
