Description
A. W. “Tom” Clausen was born a Midwesterner and moved to California in 1949 where he began his Bank of America career at the Los Angeles Main Branch while studying for the California Bar Exam. He went on to lead Bank of America from 1970 to 1981 and again from 1986 to 1990. From 1981 to 1986 he was president of the World Bank. Mr. Clausen was a graduate of Carthage College, and served in the U.S. Army Air Corps during World War II. He passed away in 2013.