Alden W. Clausen


Alden W. Clausen

Alden Winship Clausen (born February 171923) is a former President of the World Bank.

He was born in Hamilton, Illinois to a family of German ancestry and graduated from Carthage College in 1944 with a BA, again in 1970 with a LLD, from the University of Minnesota in 1949 with a LLB and from Harvard University’s Advanced Management Program in 1966.

Clausen was certified to practice law after graduating from the University of Minnesota, but instead he got a job at the BankAmerica in Los Angeles, California. He became Vice President in 1961, Senior Vice President in 1965, Executive Vice President in 1968, Vice Chairman of the Board in 1969, and President and CEO in 1970.

In 1981 he was appointed President of the World Bank. He was replaced by Barber Conable in 1986.

He returned to Bank of America as Chairman and CEO in 1986 but stepped back from an active executive role in 1990 to be Chairman of the Executive Committee. During his time at the bank he helped it grow to be the biggest commercial bank in the United States.

Clausen is a member of the Advisor Council of SRI International and was on the Board of Governors of United Way.

The A.W. Clausen Center for World Business at Carthage College in Kenosha, Wisconsin, is named in his honour.

External links

* [http://go.worldbank.org/DG1E29A900 Official World Bank Biography of Alden Winship Clausen]


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