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June 06, 2008
Wachovia CEO Forced Out
Wachovia has fired CEO Ken Thompson less than a month after relieving him of his position as chairman. The board ousted Thompson as Wachovia continues to struggle with its widening losses linked to its acquisition of troubled Golden West Financial, and there is speculation that the company could deliver more bad news or might be taken over.
Posted by S. Germain at June 6, 2008 08:08 AM