Monday, September 29, 2008

Wachovia Musings

I just wanted to make a quick note here about all the Wachovia stuff in the news since I've been getting a ton of calls and emails from all our friends and family about how it impacts me & my job.  Basically, Wachovia Bank was purchased by Citigroup for 2.2 billion in an all stock deal.  Wachovia Corp. will hold onto the Wachovia Securities brokerage business as well as the Evergreen investment management division.  So, at this point, Wachovia Securities will continue to operate as a subsidiary of Wachovia Corporation - WE WERE NOT SOLD TO CITIGROUP.  We will separate from Wachovia's troubled banking businesses once the transaction with Citigroup closes, probably at the end of this year.  What does this mean for me?  Who knows!  There is a lot of uncertainty right now in terms of the future of our business.  At this point, we're continuing business as usual until the next steps are determined.  It is my understanding that WSLLC remains a profitable and growing business.  My job is NOT at jeopardy at this point and I don't see it being at jeopardy in the foreseeable future.  I do NOT regret our decision to move to St. Louis in July.  In fact, I'm still certain that it was the right decision at the time & that there is a lot of opportunity for me here in St. Louis.  There will be a lot of changes to come but I've come to accept the fact that working in corporate America in today's world means accepting that change is the only constant.  There is a lot of change and chaos in the financial world right now so who knows what can/will ultimately happen.  It's a crazy, crazy time!  I'll keep you posted as I know more that I can share but, at this point, all is well for us here in St. Louis.

Oh, one last thing, my mom did a couple of very cool post about the kids school and their visit to St. Louis earlier in the month, if you want to see the photos etc - check it out HERE.  You can also see our new couch in some of the pictures - man, I love that couch.  Soon, I'll go through the house and take pictures to post here.  My camera just broke - argggggggh - you can imagine how UNHAPPY I am about it.  What am I going to do if I can't take pictures!?!?  We're trying to determine if we can get it repaired or if I need to just break down and buy a new one.  So, I won't have a ton of current pictures up for the next little while but I'll still add layouts as I finish them up!

Gotta run! Talk to you soon ...

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