Word: clausen
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Dates: during 1980-1989
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...tricks into the ledger. Moreover, on the next day, we would have a quiet hour with the candidate and find him an intelligent, well-intentioned man with pragmatic ideas and lofty ideals. But we don't know his fellow Democratic contenders -- Jim Brown, Buddy Roemer, Butch Baum, Tom Clausen, Speedy Long (and we do not wish to arm-wrestle the incumbent) -- or the lone Republican, Bob Livingston, so we are sticking with Sam, who said, "There are 4 1/2 million people in this state and if I can" -- here he put his palms together and moved them as you would...
...name the ten worst-managed publicly traded firms in America, but FinancialWorld obviously has that. The Manhattan-based biweekly issued its first roster of corporate clunkers this week, based on such factors as stock performance, earnings and management errors. BankAmerica was criticized for bringing back Chief Executive A.W. Clausen, who had been accused of mismanaging the troubled bank before he retired. MCI Communications was named for taking on too much debt. Others mentioned: Wang Laboratories and Bally Manufacturing...
After BankAmerica had suffered losses of $855 million over the past two years, Chairman A.W. Clausen gamely reassured stockholders last month that the unpleasant surprises were over. By year's end, he promised, the nation's second largest banking company would be back in the black. Clausen spoke too soon. Last week BankAmerica announced that it expected a staggering second- quarter loss of $1 billion, the largest in its history...
...Citicorp, and thus they are less able to take such action. Says one top New York City banker: "Reed is being really selfish. The stakes are much higher than the future of a single bank." Reed felt sensitive enough to the issue that he called BankAmerica Chairman A.W. ("Tom") Clausen and Manufacturers Hanover Chairman John McGillicuddy last week to inform them in advance of his action...
...Angeles-based First Interstate Bancorp. BankAmerica, staggering from losses of $600 million over the past nine months, has steadfastly ignored First Interstate's offers of a friendly merger, but the would-be acquirer last week unveiled a hostile bid that it values at $3.23 billion. BankAmerica Chairman A.W. Clausen called the action "reckless." Whatever happens to BankAmerica, it is increasingly clear that from the Texas oil patch to the California coast, virtually any institution is a possible target for the new merger-minded empire builders of banking...