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
G. Kennedy Thompson Human Resources; president, First Union Georgia. Thompson previously served as president of the Federal Reserve Board's Federal Advisory Committee. Thompson serves on the Boards of Directors Florida Rock Industries, Inc., (NYSE) and Atrium Health. Professional affiliations include Board member, Financial Services Roundtable; vice chairman and board member, New York Clearing House; member, Financial Services Forum, The Business Council. Following his very narrow re-election with 55% of the shareholder vote, it was announced in April 2013 that Thompson would step down from the Hewlett-Packard (HP) board. Highly engaged in community work, Thompson's involvement includes being a member of the board of