G. Kennedy Thompson cash bonus of $0, stocks granted of $12,351,369, and options granted of $1,925,933. G. Kennedy Thompson G. Kennedy "Ken" Thompson (born November 25, 1950) is an American businessman who was previously chairman, president, and CEO of Wachovia Corporation, formerly First Union Corporation, from 2000 through 2008. First Union Corporation acquired Wachovia Corporation and changed its name to Wachovia in September 2001 after fending off a hostile takeover attempt by SunTrust Bank. Thompson succeeded Edward E. Crutchfield in 2000, who stepped down due to health reasons. Previous positions at First Union included vice chairman of the corporation and head of Global
Environmental credit crunch terms, the credit crunch comes about as finite resources are depleted significantly. The concept of an environmental credit is aligned to Earth Overshoot Day (Ecological Debt Day). Earth Overshoot Day is the point in the year at which the world economy moves from generating growth with renewable resources, to generating growth with non-renewable resources. After Earth Overshoot Day, humanity is dependent on environmental credit to sustain its standard of living. Currently just over a quarter of the year is spent living on environmental credit. The use of the term “environmental credit crunch” began to emerge as academics tried to highlight