Stephen Max "Steve" Thompson (born October 27, 1944)[1][2] is a retired businessman and Republican politician from the US state of Alaska.

Thompson eventually became the president and CEO of M & O, selling it to the Schuck's Auto Supply chain in 1999.

At the time, Thompson was manager of the Fairbanks lodge of the Benevolent and Protective Order of Elks.

He defeated five other challengers, including two incumbent members of the city council, Scott Kawasaki and Charlie Rex.

In the primary, he defeated Vivian Stiver, a downtown Fairbanks merchant and city council member who ran unsuccessfully in 2007 to replace him as mayor, and 92-year-old Urban Rahoi, the owner of a large mobile home park immediately outside of Fairbanks city limits and a perennial candidate who first ran for a House seat from Fairbanks in 1962, running almost continuously for most of the period between the early 1970s and early 1990s.