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
Mercantile Credit Bank assets were estimated at US$9.9 million (UGX:25 billion) following its growth in operations. MCBL was registered as a Merchant Bank in 1981 and commenced operations in 1986.Following the review of the banking laws in Uganda that led to the financial Institutions Act of 2004,MCBL was categorised as a Tier II Institution. As a tier II financial institution, MCBL is allowed to establish customer savings and fixed deposit accounts and other core banking products including provision of credit facilities,fund transfers and foreign exchange trading given the nature of its licence. Mercantile Credit Bank has four share holders that include two Institutional