Parsing the Wachovia/Thompson Press Release
Conde Nast Portfolio magazine blogger "Jack Flack" specializes in parsing corporate press releases. Here's his take, titled "Oh My God, They Killed Kenny," on Wachovia's press release about Ken Thompson's departure. And here's a sample (it's actually the kicker):
Wachovia: Jenkins joined First Union in 1971, prior to its merger with Wachovia, and has held a number of senior executive positions, including President of First Union in Florida, Virginia, Maryland, Washington, D.C., Georgia and South Carolina. He is a member of the Board of Trustees of Presbyterian Hospital and Chairman of the Board for Queens University of Charlotte.
Translation: Yes, Wachovia will still remain First Union.