G. Kennedy Thompson 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. Lanty Smith replaced Thompson as interim CEO. On July 10, 2008 Robert K. Steel, the former Treasury Undersecretary and Goldman Sachs Group Inc. executive, took over as CEO of Wachovia Corp. However, Wachovia only survived for two more months before it was forced to merge with Wells Fargo. While CEO of Wachovia in 2007, G. Kennedy Thompson received a total compensation of $15,653,559, which included a base salary of $1,090,000, a
Environmental credit crunch around the same time. The most detailed examination of the environmental credit crunch and its interaction with the financial credit crunch occurs in “From Red to Green? How the financial credit crunch could bankrupt the environment” by Donovan and Hudson. This argues that the financial credit crunch will have both positive and negative consequences for the simultaneous environmental credit crunch. As a result, policy makers need to be more flexible in their responses to both credit problems. Another recent book that explores the topics without using the term "environmental credit crunch" specifically is, Richard Heinberg's "The End of Growth: Adapting