*****

  • On 6/2/09 we moved! Visit our new Wall Street Folly site at wallstreetfolly.com


  • Web
    Wall Street Folly

*^*^*^*

  • Apple iTunes OmahaSteaks.com, Inc. wine.com

Recent Posts

$$$$$$$

Archives

More...

Categories

^^^^^







  • ;

Copyright / Disclaimer

  • Disclaimer: Wall Street Folly offers gossip, rumors, opinions and highlights news which we believe is important. We're heavy on humor and satire (or try to be), and often focus on the hilarious, the sordid, the salacious, the absurd and the horrific that occurs on Wall Street and beyond. The site relies heavily on reported information from other publications and sites which we hope is correct, but may or may not be -- we can't / won't guarantee it. We cite our sources where applicable. So please do your own research and draw your own conclusions. The site is not a broker, dealer, or investment advisor and any opinions are ours alone and are protected by the First Amendment.
  • © Wall Street Folly

« WSF Headline Roundup - 6/02/08 - Hedge funds cashed in oil chips with price rise; Paulson says mkt turmoil won't end for months; Big China merger; Nomura rasing $3B fund for Euro distressed; CME / NMX bid blockage? | Main | Some Wall Streeters are replacing their limos and town cars with 10-speeds »

The boot: Wachovia CEO Ken Thompson becomes the latest credit crunch victim

Screw the spin, just tell it like it is: Wachovia's CEO Ken Thompson was given the boot, shown the door, axed, terminated, pink slipped, ousted, fired.  But this is how the company's press release reads:

Wachovia announced today that its current Chairman, Lanty Smith, has been appointed interim  Chief Executive Officer, succeeding Ken Thompson, who is retiring at the request of the Board. Ben Jenkins, currently Vice Chairman and President of the General Bank, will serve as interim Chief Operating Officer

"who is retiring at the request of the board.  Hilarious.

June 02, 2008 in Credit Crunch, Revolving Door, Wachovia |

Comments

The comments to this entry are closed.