G. Kennedy Thompson 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 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
John G. Thompson John G. Thompson John Griggs Thompson (born October 13, 1932) is a mathematician at the University of Florida noted for his work in the field of finite groups. He was awarded the Fields Medal in 1970, the Wolf Prize in 1992 and the 2008 Abel Prize. He received his B.A. from Yale University in 1955 and his doctorate from the University of Chicago in 1959 under the supervision of Saunders Mac Lane. After spending some time on the Mathematics faculty at the University of Chicago, he moved in 1970 to the Rouse Ball Professorship in Mathematics at the University of