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 repaid (lowering their future standard of living relative to its potential). In environmental terms, credit can be thought of as raising today’s standard of living through the consumption of finite resources (like oil). This action will lower the future standard of living, as future consumers will be denied to opportunity to consume. A credit crunch occurs when the act of using credit is no longer possible, normally as a result of a significant exogenous shock. A financial credit crunch is normally the result of a sharp decline in the willingness of banks of financial markets to lend money. In environmental