October 16, 1986 |
BankAmerica Corp. chairman A.W. Clausen yesterday said he has not closed the door on First Interstate Bancorp's $2.8 billion takeover offer and is seeking more information about the proposal. Clausen, who was appointed head of the company for a second time on Sunday, pinpointed his main tasks at the nation's second-largest bank company as reducing expenses and getting the bank's credit problems under control. In his first public appearance since returning to BankAmerica, Clausen said of the First Interstate bid received last week, "We are seeking more information about the proposal.
January 24, 2013
A.W. "Tom" Clausen, 89, who led San Francisco-based Bank of America before and after serving as president of the World Bank, died Monday, Jan. 21, at Mills-Peninsula Medical Center in Burlingame, Calif., of complications from pneumonia, said his wife, Helen. From his start as a part-time cash counter in a branch office in Los Angeles, Mr. Clausen rose through the ranks of Bank of America and its holding company, BankAmerica Corp., becoming president and chief executive officer in 1970.
February 9, 1986 |
As the speculation over his successor continued in Washington last week, World Bank president A.W. Clausen paid his first official visit to Wall Street. Job-hunting? Certainly not, said Clausen, laughing. He will step down June 30 after five difficult and sometimes contentious years at the helm of the giant 149-nation development bank. He met Thursday with the governors of the New York Stock Exchange to bring Wall Street leaders up to date on the financial plans and prospects for the World Bank, he said in an interview afterward.
November 2, 1992 |
Springfield's junior quarterback, Will Clausen, found himself in uncharted territory on Saturday. He threw for 137 yards and 3 touchdowns on just 5 completions as the Spartans (3-6 overall, 3-1 Independence League) struck early and often in a 28-0 rout of the visiting Perkiomen Prep Indians (1-6, 1-6). Usually, Clausen's job is nothing more than handing off to one of the running-back trio of Jason Cooney, Shelton Farmer and Kasimu Coleman. But on Saturday, his job was to create some offense through the air for the normally ground-oriented Spartans.
April 11, 1986 |
The president of the World Bank yesterday proposed that the bank nearly double its annual lending to Third World nations by the end of the decade. In a speech to the bank's policy-setting Development Committee, A.W. Clausen outlined plans to steadily increase the bank's annual loan volume over the four years, "with a lending level of up to $21.5 billion" in fiscal 1990. But Clausen warned that implementing this expanded lending plan would require an agreement on a new infusion of capital for the bank by no later than the spring of 1987.
January 7, 1987 |
BankAmerica Corp. emphatically has rejected First Interstate Bancorp's $3.4 billion buy-out offer, saying that it was "inadequate and undesirable. " BankAmerica chairman A.W. Clausen said during a news conference Monday that the bank's board of directors had voted unanimously earlier in the day to turn down the First Interstate bid and had authorized management "to take all appropriate steps to deter First Interstate's hostile advances. " He said that he had asked Sen. Alan Cranston (D., Calif.
September 25, 2010
In my perusal of all things college football this week, I ran across Mel Kiper Jr.'s "Big Board" on ESPN.com. Kiper sends out a weekly ranking of draft-eligible players predicting where they would be picked if the NFL draft were today. But the draft isn't until April and we still have a long season ahead. With all the lists going around college football (Heisman Trophy, Maxwell Watch, etc.), is this really necessary? Real live scouts are out there scouting so I have no problem with Kiper offering his early list.
October 8, 1987 |
The calendar says five weeks already have passed in West Philadelphia High's football season. Oliver Strickland says, in effect, he's sorry he missed them. Oh, Strickland, a large, two-way tackle with big-time college potential, has practiced and played in two games (West is 1-1) throughout the period. But his effectiveness has been limited by a body still displaying that bloated, midsummer look. Strickland, who stands 6-5, now weighs "285 to 290" and wears size 16-EEE cleats, can bench press 430 pounds and manage 320 in the clean and jerk.
October 26, 1992 |
Don't blame Bristol coach George Gatto if he favors the reinstatement of Stickum. On the third play of his team's first possession, Bristol quarterback Jason Eddings fumbled the ball at the Springfield 26 while running an option. Springfield senior defensive back Kasimu Coleman picked up the ball and rumbled 49 yards to the Bristol 25. Try as they might, the Bristol Warriors could not buck the trend set on that first possession. They lost the handle on the ball twice more in losing to Springfield, 31-7, in a Saturday afternoon Independence League matchup that featured two 25-minute lightning delays.
November 29, 1993 |
With an extra week of practice and a little bit of time on his hands, Springfield coach Dave Puchalski dreamed up a few plays to throw at visiting Lower Moreland on Thanksgiving Day. One play he came up with was an onside kick. The Spartans worked on it throughout the week, and when the time came, Puchalski didn't hesitate to put it to good use. It turned out to be a turning point in Springfield's 26-14 Independence League victory. Springfield (4-6-1 overall, 3-2-1 league) had just scored on a Shelton Farmer blast up the middle to take a 13-6 lead with 4 minutes, 26 seconds left in the third quarter, and the Spartans lined up to kick to the Lions (4-7, 2-4)