biography
| name: |
Clausen, Alden Winship
|
| sex:
| male
|
| lived:
| (1923– )
|
| biography:
| Banker, born in Hamilton, Illinois, USA. The son of a newspaper publisher, he graduated from Carthage College, IL (1944) and served two years as an air force meteorological officer before obtaining a law degree from the University of Minnesota, Duluth (1949). He joined the Bank of America (BofA) the following year and rose through the corporate ranks to become president (1970), and under his leadership BofA became the most profitable commercial bank in the world. He left in 1981 to become president of the World Bank, then returned as chief executive officer (1986–90), by which time the bank's fortunes had begun to decline. |
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