G. Kennedy Thompson Securities and Exchange Commission, he will get a severance of $1.45 million and accelerated vesting of $7.25 million in restricted stock. Thompson had served the company for 32 years. Lanty Smith replaced Thompson as interim CEO. On July 10, 2008 Robert K. Steel, the former Treasury Undersecretary and Goldman Sachs Group Inc. executive, took over as CEO of Wachovia Corp. However, Wachovia only survived for two more months before it was forced to merge with Wells Fargo. While CEO of Wachovia in 2007, G. Kennedy Thompson received a total compensation of $15,653,559, which included a base salary of $1,090,000, a
Mercantile Credit Bank Mercantile Credit Bank Mercantile Credit Bank Limited (MCBL), commonly referred to as Mercantile Credit Bank, is a Ugandan tier II financial institution licensed by the Bank of Uganda, the national banking regulator. MCBL is classified as "credit institution", by the Bank of Uganda, the country's central bank. MCBL is one of only four institutions in this class of financial service providers in the country, the others being Opportunity Bank Uganda and PostBank Uganda. As of December 2011, the bank's total assets exceeded US$6.6 million (UGX:16.5 billion), with shareholders' equity of approximately US$1.6 million (UGX:4 billion). In December 2012, the total