Clausen's Debut

A new boss at the World Bank

Timidity was hardly his trademark during eleven years as the head of San Francisco's Bank of America. Yet when A.W. (Alden Winship) Clausen, 58, moved into the president's office of his latest assignment last Wednesday, he sounded properly cautious. Said the new leader of the $40 billion World Bank: "I'm not a hip-shooter. I do my homework."

Clausen's mandate is anything but clear. Though Ronald Reagan approved his selection by Jimmy Carter last October, the White House has let Clausen understand in no uncertain terms that the Administration will be watching to see if the World...

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