Business: Bankers' Banker

A world job for A. W. Clausen

In the midst of trying to round up final stray votes on the campaign trail, Jimmy Carter last week took time out to nominate Bank of America President A.W. (Alden Winship) Clausen, 57, to succeed Robert S. McNamara, 64, as president of the World Bank. The White House made the announcement now in order to head off growing sentiment among the 138 nations making up the World Bank that it was time for a non-American to head the organization. Ever since the World Bank and the International Monetary Fund were jointly founded in 1944, the...

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