G. Kennedy Thompson 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 Capital Markets; president, First Union-Florida; senior vice president and head of First Union
Environmental credit crunch to Our New Economic Reality". The book opens with a review of the financial crisis and the much discussed financial limits to future growth before addressing the corresponding environmental limits to growth. Environmental credit crunch The term environmental credit crunch refers to a crisis (which may be economic in origin) which exposes humanity's inability to indefinitely consume finite natural resources in order to sustain economic activity and a standard of living. The term is often juxtaposed with the financial credit crunch of 2008. Credit allows a borrower to increase today’s standard of living at the expense of some future standard