Not only did Wachovia chief executive Ken Thompson lose his job today, he’s also taking taking a lot of heat from readers of Charlotte.com, the Web site for The Eagle’s sister publication, the Charlotte Observer.
Talk about kicking somebody when they’re down. As a lone poster rightly pointed out, the board had to sign off on a lot of the business decisions attributed to Thompson’s leadership. It will be interesting to see whether there will be other leadership changes — namely board positions — to come at the nation’s fourth-largest bank.