Ken Thompson

Wachovia Loses $8.9B, 6,350 Jobs

AP | IEVA M. AUGSTUMS | Posted 07.22.2008 | Business


CHARLOTTE, N.C. — Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big ...

Wachovia Board Forces Out CEO Thompson

AP | IEVA M. AUGSTUMS | Posted 06.02.2008 | Business


CHARLOTTE, N.C. — Less than a month after losing his chairman post, and more than two years after an ill-timed acquisition of California mortgag...

Time For Bank CEOs Who Blew It To Step Down

Henry Blodget | Posted 04.15.2008 | Business


Henry Blodget

Unless forcefully shown the doors, CEOs seem to show no willingness to accept real responsibility when things go bad.

Wachovia To Get Cash Infusion

AP | IEVA M. AUGSTUMS | Posted 04.14.2008 | Business


CHARLOTTE, N.C. — Wachovia Corp. is getting a lesson in "timing is everything." The nation's fourth-largest bank reported a $393 million first ...