G. Kennedy Thompson
G. Kennedy Thompson | |
---|---|
Born | November 25, 1950 |
Other names | Ken Thompson |
Education | University of North Carolina at Chapel Hill Wake Forest University |
Occupation(s) | banker, businessman |
Employer(s) | Wachovia First Union |
Term | 1976 - 2008 |
G. Kennedy Thompson, also known as Ken Thompson, (born November 25, 1950) is an American banker and businessman who was chairman, president, and CEO of
Early life
Thompson was born in Clarksville, Virginia and was raised in Rocky Mount, North Carolina. He was the son of Stacy Kennedy and Maynard Thompson, the manager of a textile factory.
He attended the
Career
Starting in 1976, Thompson had a variety of positions at First Union, including manager of the New York loans office, senior vice president of human resources, vice president of Global Capital Markets, president of First Union-Florida, and president of First Union Georgia.[1][3] In 2000, he became chairman, president, and CEO, replacing Edward E. Crutchfield who stepped down due to health reasons.[1][2]
In September 2001, Thompson brokered the merger of First Union and
However, Golden West mostly lent risky subprime loans.
Lanty Smith replaced Thompson as interim CEO of Wachovia.[1] On July 10, 2008 Robert K. Steel, the former Treasury Undersecretary and Goldman Sachs Group Inc. executive, took over as CEO of Wachovia. However, Wachovia only survived for two more months before it was forced to merge with Wells Fargo.[5]
In 2009, Thompson became a principal of Aquiline Capital Partners, a New York Equity firm.[7][4]
In 2010, Wachovia settled out of court a case in which it allegedly laundered over $378 billion in cash and
Professional affiliations
Thompson previously served as president of the
In 2011, he joined the board of BNC Bancorp, the holding company of the
Personal life
Thompson and his wife Kathylee have three children: Kenny, Scott, and Stacey.[3]
Thompson was a board member of
References
- ^ a b c d e CNN.com: Wachovia CEO out at board's request
- ^ a b "'The tragedy of life is not that man Loses but that he almost Wins'". Business North Carolina. 2011-10-21. Retrieved 2022-05-21.
- ^ a b c d e f g h i Olver, Thomas C. "G. Kennedy Thompson. North Carolina '73, Oxford Cup Roll No. 056" (PDF). Beta Theta Pi. Retrieved May 20, 2022.
- ^ a b c d e f g "G. Kennedy Thompson | Pinnacle Financial Partners". www.pnfp.com. Retrieved 2022-05-21.
- ^ a b c d e f g h O'Daniel, Adam (April 13, 2011). "Ex-Wachovia CEO Ken Thompson returns to North Carolina banking". Charlotte Business Journal. Retrieved 2022-05-21.
- ^ CEO Compensation for G. Kennedy Thompson Archived 2009-02-28 at the Wayback Machine, Equilar.com
- ^ a b H.P. Chairman Steps Down as 2 Resign From Board The New York Times, 4 April 2013
- ^ a b How a big US bank laundered billions from Mexico's murderous drug cartels The Observer, 3 April 2011
- ^ "Federal Advisory Council". www.federalreserve.gov. Retrieved 25 June 2016.
- ^ a b "Ken Thompson, Morehead-Cain Foundation/The: Profile and Biography". Bloomberg.com. Retrieved 2022-05-21.