L.M. "Bud" Baker.

• Position: Former Wachovia executive - Brief Article

... and oh, the agony: Forgoing a $500,000 increase in his retirement pay of $1.5 million a year, L.M. "Bud" Baker, Wachovia chairman and chief executive and architect of the bank's proposed merger with First Union, explains: "It is painful to me to have...