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Wachovia board forces out CEO Ken Thompson

Jun 2 - By Ieva M. Augstums, AP Business Writer

Less than a month after losing his chairman post, and more than two years after an ill-timed acquisition of California mortgage lender Golden West Financial Corp., Wachovia Corp. said Monday that board members have forced CEO Ken Thompson to retire from the nation's fourth-largest bank.

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Wachovia separates chairman, CEO positions

May 8 - By Ieva M. Augstums, AP Business Writer

Wachovia Corp. on Thursday stripped Chief Executive Ken Thompson of his chairman role in a move that separates the top management position from the top oversight role.

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