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Robert Steel
Robert Steel
Company: Wachovia
Lasted: 2 1/2 months (so far)

Steel, a veteran of the U.S. Treasury Department, couldn't keep Wachovia independent as investor fears over souring home loans reached near-panic proportions in late Sept. Citi was poised to buy Wachovia's banking operations until Oct. 3, when Wells Fargo swooped in and announced a deal to buy the bank for $15 billion. Citi isn't taking the rejection well: It immediately demanded that Wells and Wachovia terminate their deal. Whatever happens, Steel's time as commander of the nation's fourth-largest bank appears limited.

NEXT: Robert Willumstad
Last updated October 03 2008: 11:14 AM ET
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