Alden W. Clausen

Alden Winship "Tom" Clausen (born February 17, 1923) is a former President of the World Bank.

Education

He was born in Hamilton, Illinois to a family of Norwegian ancestry and graduated from Carthage College in 1944 with a B.A., again in 1970 with a LL.D.; from the University of Minnesota Law School in 1949 with a LL.B.; and from Harvard University’s Advanced Management Program in 1966.

BankAmerica

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.

World Bank

In 1981 he was appointed President of the World Bank. He was replaced 5 years later by Barber Conable.

Back to BankAmerica

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.

Membership

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.

The Clausen Center for International Business and Policy, at the Haas School of Business, University of California, Berkeley was endowed by a gift from Peggy and Tom Clausen in 1995. http://www.haas.berkeley.edu/HaasGlobal/

External links

• Official World Bank Biography of Alden Winship Clausen

Non-profit organization positions
Preceded by Robert McNamara	President of the World Bank 1981–1986	Succeeded by Barber Conable