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Wachovia CFO to leave, days after record loss

JONATHAN STEMPEL

Reuters

Latest comment posted at 3:03 AM EST 25/07/08

Fourth-largest U.S. bank says Wurtz to leave after a successor is named ...Read the full article

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  1. CallofDuty . from Toronto, Canada writes: Hmm...the captain abandoned ship...not a good sign!
  2. Iain's Opinion from Canada writes: In the early 1900's bankers were considered to be the scum of the earth. De-regulation of the Savings and Lioans industry caused a debacle. Deregulation of the mortgage lending sector caused a few problems. So why were the regulations enacted in the first place? Likely because the opinion of the populace in the early 1900's was correct.
    Maybe now the US Gov't will stop letting the wolves run the chicken coop.
  3. S Lucht from British Columbia, Canada writes: I wonder how enormous a financial package he'll get upon his departure. Maybe only 7 figures instead of 8--shares are down nearly 60%, after all.
  4. jim corrigan from Toronto, writes: You're right. He'll only leave a millionaire, but his buddies who were smart enough to retire last year departed as multi-millionaires. I guess he'll have to settle for Mercedes rather than Bentley.

    Of course, the average buy and hold or income seeking shareholder will be doomed...
  5. jimmie rabbit from toronto, Canada writes: he left to pursue other interests
  6. Dr. Strangelove from Canada writes: jimmie rabbit from toronto, Canada writes: "he left to pursue other interests". Yeah, like counting his loot. All of these turkeys who were directly involved in promoting the financial shenanigans (ABCP, sub-prime mortgages) of the past few years should all be tried and jailed for fraud and be required to repay their ill-gotten perks, bonuses, and severance packages. Or, build a few guillotines and turn them over to the general public whose savings and retirement plans have been shattered. .

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