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Wachovia board forces out CEO Ken Thompson
Summary from multiple countries, from articles in English
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Smith replaced Thompson as chairman last month in a move the bank said "strengthens independent leadership" at the company. (article 4)
Several analysts on Monday questioned if Thompson's ouster means more problems at Wachovia, a bank that has weathered a series of setbacks, including mounting losses and federal investigations, in recent months. (article 4)
Heads continued to roll at the top of America's biggest financial institutions yesterday as Wachovia ousted Ken Thompson and Washington Mutual stripped Kerry Killinger of its chairmanship. (article 2)
Mr Thompson follows the chief executives of Citigroup, Merrill Lynch, UBS and Bear Stearns out of the door in the wake of multibillion-dollar writedowns on sub-prime mortgages and related securities. (article 2)
Late last Thursday, as problems at Wachovia continued to worsen, the company's chairman gave Mr. Thompson the bad news: his career at the bank was over. (article 1)
The ouster of Mr. Thompson as chief executive, announced Monday morning, leaves the Charlotte, N.C.-based bank confronting an uncertain future. (article 1)
Thompson joined predecessor First Union Corp. in 1976 after business school and quickly moved up the company's ranks under then CEO Ed Crutchfield. (article 3)
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Other summaries about this story:
Event tracking:
Story keywords
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THOMPSON, Wachovia, Bank, crane, Smith |
Source articles
- Wachovia Forces Out Its Chief (nytimes.com, 06/03/2008, 994 words)
- Executive cull at Wachovia and Washington Mutual (business.timesonline.co.uk, 06/03/2008, 381 words)
- Wachovia board forces out CEO Ken Thompson (Washington Post, 06/03/2008, 350 words)
- Wachovia board forces out CEO Ken Thompson (Washington Post, 06/03/2008, 403 words)
- Rookie teacher plants Crane with the seeds of flow... (suntimes.com, 06/03/2008, 952 words)
- Golden Apple winner 'makes you want to dance' :: CHICAGO SUN-TIMES :: Education (suntimes.com, 06/03/2008, 681 words)
- 'Gonzo' behavior made him an icon, but check Thompson's writing (sfgate.com, 06/03/2008, 801 words)
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blaster@cs.columbia.edu
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