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
Farm Credit Bank of Texas Houston from their respective founding dates of 1916 and 1923 until they relocated to Austin in 1982. Farm Credit Bank of Texas Farm Credit Bank of Texas, part of the US Farm Credit System, serves as a wholesale lender and business-service provider to 14 local borrower-owned Farm Credit associations in Alabama, Louisiana, Mississippi, New Mexico and Texas. Farm Credit Bank of Texas is a federated cooperative owned by the local Farm Credit association cooperatives, which directly finance rural real estate, agricultural production, country homes and agribusiness firms. Together with the other three banks of the Farm Credit System (AgFirst Farm