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Ken Thompson

Shareholders see deal as best of bad outcomes

During nearly two weeks of “As Wachovia Turns,” the company's shareholders had experienced a range of emotions fit for a soap opera: Shock. Anger. Disappointment. Confusion. Relief.But now that Wells Fargo is moving forward...

'Fast Money' Recap: Watch Out, Wachovia (at TheStreet.com)

Stocks in New York got smacked on Monday as the financials languished. The Dow and the S&P 500 both lost 1.1%, and the Nasdaq fell 1.2%. On CNBC's "Fast Money" TV show, Jeff Macke said that the S&P 500 couldn't get over 1400...

The economic crisis: The Babcock School's Bruce Resnick and Charu Raheja explain the credit...

Bruce Resnick is the Babcock Graduate School of Management's Joseph M. Bryan Jr. Professor of Banking and Finance and the co-author of the book, "International Financial Management." Assistant Professor of Management Charu...

Three Reasons Why Open Source Is an Asterisk in the History and Future of Technology

The open source software (OSS) community needs to go back to the basics of the software industry and think long and hard about where software as both an industry and an avocation is going. When it does it will find out that the...

Wells Fargo Deal: Better for Wachovia Shareholders

Under the Citigroup takeover, Wachovia shareholders would have gotten a pretty raw deal. The Wells Fargo acquisition (read the full text here) is an improvement: Each share of Wachovia common stock will be exchanged for 0.1991...

Ex-CEO at fault for bank's fate?

Ken Thompson didn't want to talk Tuesday when he answered the door at his Charlotte home.But many in the community were talking about him.“Everybody has always had a lot of respect for him as a human being, as a man, as a...

Wachovia: Just the Plum Citigroup Needed (BusinessWeek Online)

BusinessWeek Online - During the mid-1990s, Wachovia's merger-mad chief executive, Ed Crutchfield, once famously joked that the key to persuading another bank to sell to him was to simply stack "$1 billion bills" on the...

Wachovia: Just the Plum Citigroup Needed

Citi fills a key void with its dirt-cheap buy of the retail banking franchise. Wachovia, meanwhile, can point to poor judgment in acquisitions During the mid-1990s, Wachovia's merger-mad chief executive, Ed Crutchfield,...

Citigroup to buy Wachovia bank units

Steel, who replaced the ousted Ken Thompson at Wachovia, had hoped to keep the bank independent, and as recently as two weeks ago touted Wachovia's strength on CNBC television. But investors grew impatient, driving the...

Citigroup to buy Wachovia banking operations

In this Feb. 21, 2008 file photo, former Wachovia CEO Ken Thompson talks to employees during a meeting at the bank's corporate headquarters in Charlotte, N.C. With a Wall Street bailout looming that will almost certainly...

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