Law Blog - WSJ.com (Free subscription) | 09/30/2008
On his first day on the job in July, Wachovia CEO Robert Steel talked up a turnaround. But as market anxieties dramatically drove down investor confidence in Wachovia, Steel was left with few options.
LA Times (Free subscription) | 09/10/2008
The No. 4 U.S. bank will cut expenses and reduce risk exposure in an attempt to weather the mortgage failure storm. Wachovia Corp., the fourth-largest U.S. bank, will cut expenses next year by $1.5 billion and is "tapping the brakes" on risk, Chief Executive Robert Steel told investors Tuesday.
DealBreaker (Free subscription) | 08/27/2008
New Wachovia CEO Robert Steel vowed to turn things around at the bank and he was not kidding . He started with morale boosting pep rallies and marshmallow tower building competitions , and now he's moved on to a not even necessary capital raise that, while probably dilutive to current shareholders, is sure to wow the crowds with Bobby's out of the box thinking, no doubt honed during his time at Goldman...
MarketBeat (Free subscription) | 07/25/2008
The average investor’s love affair with Wachovia Corp. lately has all the staying power of a schoolgirl saying “He loves me he loves me not” as she plucks apart a daisy. The company’s new CEO, Robert Steel, on the other hand, is making a commitment. On July 22 the new CEO purchased one million shares of the [...]
Seattle Times (Free subscription) | 07/24/2008
Wachovia Corp.'s President and Chief Executive Robert Steel has bought 1 million shares in the nation's fourth-largest bank, according to a regulatory filing late Wednesday.
San Fransisco Chronicle (Free subscription) | 07/24/2008
Wachovia Corp.'s President and Chief Executive Robert Steel has bought 1 million shares in the nation's fourth-largest bank, according to a regulatory filing late Wednesday. Steel spent about $16 million on shares Tuesday, the same day the Charlotte-based...
Seattle Post-Intelligencer (Free subscription) | 07/24/2008
CHARLOTTE, N.C. -- Wachovia Corp.'s President and Chief Executive Robert Steel has bought 1 million shares in the nation's fourth-largest bank, according to a regulatory filing late Wednesday.
DealBreaker (Free subscription) | 07/22/2008
At this time, in light of Wachovia's not so good second quarter, I want everyone to get up on his/her chair and shout " I love Wachovia ," while dancing, which is not only a team building exercise for WB first years but 95 percent of CEO Robert Steel's master plan for pumping the stock. Unless of course you are planning on making some $$$ on what Bove thinks is an around the corner fall --lookin'...
The Jacksonville Business Journal (Free subscription) | 07/11/2008
New Wachovia Corp. CEO Robert Steel wants to "apply the right medicine" to improve the company's financial position, but not before understanding all of the challenges.
The Tampa Bay Business Journal (Free subscription) | 07/11/2008
New Wachovia Corp. Chief Executive Robert Steel wants to "apply the right medicine" to improve the company's financial position, but not before understanding all of the challenges. (WB)
The South Florida Business Journal (Free subscription) | 07/11/2008
New Wachovia Corp. Chief Executive Robert Steel wants to "apply the right medicine" to improve the company's financial position, but not before understanding all of the challenges.
San Diego Union (Free subscription) | 07/11/2008
CHARLOTTE, N.C. – On his first day as the new CEO of Wachovia Corp., Robert Steel saw the stock tumble to a 17-year low and faced questions about his ability to rescue the nation's fourth-largest bank from its own missteps and the roiling credit market.
Denver Post (Free subscription) | 07/11/2008
On his first day as Wachovia's chief executive, Robert Steel saw the stock tumble to a 17-year low and faced questions about his ability to rescue the nation's fourth-largest bank from its missteps and the roiling credit market.
Tampa Bay Online (Free subscription) | 07/11/2008
On his first day as the new CEO of Wachovia Corp., Robert Steel saw the stock tumble to a 17-year low and faced questions about his ability to rescue the nation's fourth-largest bank from its own missteps and the roiling credit market.
The Atlanta Business Chronicle (Free subscription) | 07/10/2008
New Wachovia Corp. Chief Executive Robert Steel wants to "apply the right medicine" to improve the company's financial position, but not before understanding all of the challenges. (WB)
