Posted on 07/09/2008 11:22:53 PM PDT by rabscuttle385
SAN FRANCISCO (MarketWatch) -- Wachovia Corp. said late Tuesday it has appointed Robert Steel as the company's new Chief Executive, President and member of the board of directors, effective immediately.
Steel most recently served as Under Secretary for Domestic Finance for the U.S. Department of Treasury. His appointment ends a search that began at the Charlotte-based bank in early June with the departure of former CEO Ken Thompson.
(Excerpt) Read more at marketwatch.com ...
Congrats Bobby - now stock in a double inventory of Excedrin, you’re going to need it.
He has a lot of work to do. Where I live, Wachovia branches are an ugly crowded mess, full of illegals. I would no more bank there than vote for Obama.
The one mistake that cost them was Golden West. The former CEO was told the bubble was about to burst in the housing market last year. Everyone did actually, and he still paid top dollar for it. For this mistake that cost 6500 jobs he gets sveral million dollars.
I looked into AG Edwards recently and found that they are now owned by Wachovia.
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