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Alden Winship "Tom" Clausen (February 17, 1923 – January 21, 2013) was President of the World Bank from 1981 to 1986. He was also president and CEO of Bank of America in 1970 and again in 1986. See more
Clausen was born in Hamilton, Illinois to a family of Norwegian and German ancestry. He was the son of Morton Clausen, owner, editor and publisher of the Hamilton Press, the town's weekly newspaper. His mother was Elsie Emma … See more
In 1981 Clausen was appointed president of the World Bank. He was replaced 5 years later by Barber Conable. His term as World Bank president … See more
• In 1980, Clausen received the Golden Plate Award of the American Academy of Achievement presented by Awards Council member Stephen Bechtel Sr.
• A.W. Clausen Center for World Business at Carthage College in Kenosha, Wisconsin, is named in his honor. See moreClausen was certified to practice law after graduating from the University of Minnesota Law School, but instead he got a job at the Bank of America in Los Angeles, California. … See more
Clausen 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 … See more
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