Charles K. Gifford
|Charles "Chad" Gifford|
|Born||November 8, 1942|
|Years active||1964 - Present|
|Known for||Chairman of Bank of America|
Charles K. Gifford is a leading American banker and businessman. He is the chairman emeritus of Bank of America having served on its board of directors from 2004 to 2016. He has served on many prominent corporate and non-profit boards.
At Bank of Boston, Gifford worked in commercial lending, first as a loan officer in 1967, then in various vice president positions. From 1975 to 1977 he headed corporate lending at the London, England, office. In Boston he became the executive of the Corporate Banking Group in 1984. After two years as vice chairman, the company promoted him to president in 1989, with Ira Stepanian as chief executive officer. When Stepanian resigned in July, 1995, the Board promoted him to succeed Stepanian. He became CEO of BankBoston's successor FleetBoston Financial in December, 2002.
Service on boards of directors
He has served on the following boards:
- CBS Corporation, Director, 2006-present
- Dana-Farber Cancer Institute, Director
- Northeastern University, Trustee
- NSTAR LLC, Presiding Trustee, 1999-present
In May 2018 legal filings, Shari Redstone's desire to have him removed from the CBS board was attributed to his having behaved in a bullying and intimidating manner toward her, including grabbing her face and directing her to listen to him. Gifford was said to have remarked when she took exception to this that this was how he behaved toward his daughters when he wanted their attention.
The son of Clarence H., banker, and Priscilla Culvert. A New England blue blood, he spent summers in Nantucket. Gifford, his parents and three siblings were passengers in the first-class cabin on the SS Andrea Doria when it collided with the Swedish liner MS Stockholm and sank off Nantucket in 1956. The Giffords all survived the accident, which claimed 46 lives.
He married Anne Dewing in 1964. They have four children, one of whom is the former U.S Ambassador to Denmark, Rufus Gifford.
- "Charles K. Gifford". Forbes.com. Retrieved 20 February 2011.
- "Ex-Fleet CEO Chad Gifford to retire from Bank of America Board"
- "Charles Gifford". TechCrunch#CrunchBase/CrunchBase. Retrieved 2017-06-08.
- "Executive Profile Charles K. Gifford". Bloomberg Financial. Retrieved 18 August 2018.
- Roberts, Deon (March 17, 2016). "Bank of America director Chad Gifford stepping down". Charlotte Observer. Retrieved 18 August 2018.
- NAI Complaint
- Josh Balling, "Survivors Remember the Andrea Doria, 50 Years After Its Sinking," June 10, 2010, The Inquirer and Mirror
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