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
Robert G. Thompson Robert G. Thompson Robert George Thompson (21 June 1915 in Grants Pass, Oregon – 16 October 1965 in New York City), was a distinguished US soldier who was awarded the Distinguished Service Cross (United States) during World War II but was later jailed for several years for his communist sympathies. Thompson's first foray into war was with the Spanish Republicans in the Civil War in Spain against General Franco and the Spanish Nationalists, as a battalion commander with the all-American volunteer Abraham Lincoln Brigade. Following the Spanish Civil War, Thompson saw action during World War II in the Pacific Theater.