G. Kennedy Thompson

Quick Facts

Full Name	G. Kennedy Thompson
Occupation	Businessperson
Date Of Birth	Nov 25, 1950(1950-11-25)
Age	74
Birthplace	Rocky Mount
Country	United States
Birth City	North Carolina
Horoscope	Scorpio

G. Kennedy Thompson Biography

G. Kennedy Thompson is one of the most popular and richest Businessperson who was born on November 25, 1950 in Rocky Mount, North Carolina, United States. G. Kennedy “Ken” Thompson (born 25th November 1950) is an American businessman who served as chairman as well as president and the CEO for Wachovia Corporation, previously First Union Corporation, from 2000 until 2008. First Union Corporation acquired Wachovia Corporation and changed its name to Wachovia in September 2001 following having fought off an attempt to take over the company made by SunTrust Bank. Thompson was succeeded by Edward E. Crutchfield in 2000. He left due to health issues. The previous posts with First Union included vice chairman of the company and the head of Global Capital Markets; president First Union-Florida senior vice president and director of First Union Human Resources; president, First Union Georgia.

Lanty Smith was replaced by Thompson as interim chief executive officer. On the 10th of July, 2008 Robert K. Steel, the former Treasury Undersecretary as well as Goldman Sachs Group Inc. executive, was appointed the chief executive officer of Wachovia Corporation. But, Wachovia did not last for more than two months more before it was forced into a merger together with Wells Fargo.

In 2010, Wachovia settled out of court a case in which it allegedly laundered over $378 billion in cash and traveler’s checks from Mexican drug cartels in the years 2004 – 2006, during Thompson’s tenure as CEO. Terms of the settlement included a $110 million forfeiture and a $50 million fine.

Thompson serves on the Boards of Directors Florida Rock Industries, Inc., (NYSE) and Atrium Health. Professional affiliations include Board member, Financial Services Roundtable; vice chairman and board member, New York Clearing House; member, Financial Services Forum, The Business Council. Following his very narrow re-election with 55% of the shareholder vote, it was announced in April 2013 that Thompson would step down from the Hewlett-Packard (HP) board.

When he was the Chief Executive Officer at Wachovia in 2007 G. Kennedy Thompson received an overall compensation of $15,653,559 including an annual base salary of $1090,000 and a cash bonus of zero, stock grants at $12,351,369 as well as options granted for $1,925,933.

G. Kennedy Thompson Net Worth

G. Kennedy Thompson is one of the richest Businessperson from United States. According to our analysis, Wikipedia, Forbes & Business Insider, G. Kennedy Thompson 's net worth $5 Million. (Last Update: December 11, 2023)

Engaged in community activities Thompson’s involvement is a board member of trustees at Wake Forest University; board member of Teach For America, North Carolina Blumenthal Performing Arts Center, Charlotte Latin School, YMCA Metropolitan board, United Way of Central Carolinas, Inc. (2003 Board Chairman), Charlotte Institute for Technology Innovation (Charlotte Institute) as well as co-chair, Advantage Carolina.

Under Thompson’s direction, Wachovia bought GoldenWest for around $26 billion. This was at the top of the real property market.

Thompson was pushed out of Wachovia Bank (WB) on June 2, 2008, as head of the nation’s fourth-largest bank, becoming the latest financial services executive to be ousted amid turmoil in the U.S. housing market. Thompson will not receive any incentive pay for the 2008 fiscal year, but according to a filing with the Securities and Exchange Commission, he will get a severance of $1.45 million and accelerated vesting of $7.25 million in restricted stock. Thompson had served the company for 32 years.

Height, Weight & Body Measurements

G. Kennedy Thompson height Not available right now. G. weight Not Known & body measurements will update soon.

Who is G. Kennedy Thompson Dating?

According to our records, G. Kennedy Thompson is possibily single & has not been previously engaged. As of December 1, 2023, G. Kennedy Thompson’s is not dating anyone.

Relationships Record : We have no records of past relationships for G. Kennedy Thompson. You may help us to build the dating records for G. Kennedy Thompson!

Facts & Trivia

G. Ranked on the list of most popular Businessperson. Also ranked in the elit list of famous people born in United States. G. Kennedy Thompson celebrates birthday on November 25 of every year.