Alden W. Clausen
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Alden Winship Clausen (born February 17, 1923) is a former President of the World Bank.
He was born in Hamilton, Illinois to a family of German ancestry and graduated from Carthage College in 1944 with a BA, again in 1970 with a LLD, from the University of Minnesota in 1949 with a LLB and from Harvard University’s Advanced Management Program in 1966.
Clausen was certified to practice law after graduating from the University of Minnesota, but instead he got a job at the Bank of America. He became Vice President in 1961, Senior Vice President in 1965, Executive Vice President in 1968, Vice Chairman of the Board in 1969, President and CEO in 1970, Chairman and CEO in 1986 and Chairman of the Executive Committee since 1990. In 1981 he was appointed President of the World Bank. During his time at the bank he helped it grow to be the biggest commercial bank in the United States. He was replaced by Barber Conable in 1986. 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 is named in his honour.
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| Preceded by: Robert McNamara |
President of the World Bank 1981–1986 |
Succeeded by: Barber Conable |
| President of the World Bank | |
|---|---|
| Meyer | McCloy | Black | Woods | McNamara | Clausen | Conable | Preston | Wolfensohn | Wolfowitz | |
