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Dec 1, 2020 · He came to my office, and I asked him, ‘What the hell are you doing?’ He said, ‘Don’t worry about anything. We are paying $2 billion for it, and they have a net worth of $10 billion, so we are getting $8 billion worth of negative goodwill, which will be enough to cover any of the losses.’
Oct 23, 2017 · by Jeremy Markovich. 1981: Charlotte’s banking boom begins. This historic date is included in our 50 Moments that Made NC. Hugh McColl retired as a banker 16 years ago, but he still has a corner office about two-thirds of the way up the Bank of America Corporate Center, on the 41st floor. McColl built this building when he was CEO, and he ...
Apr 13, 2021 · Howard Covington Jr., author of the latest biography on Hugh McColl, “Beyond the Bank: Hugh McColl’s Chapter Two”. Hugh McColl, former Chairman and CEO of Bank of America. Charlotte Talks ...
Dec 25, 2017 · Hugh McColl became CEO of NationsBank, which later merged with Bank of America, in 1983. In 2000, according to tax documents obtained by the New York Times, he made $75 million dollars.
Aug 5, 2017 · Hugh McColl, the former chairman and CEO of Bank of America. Image source: Falfurrias Capital Partners and The Motley Fool. ... Advantages and Disadvantages of Net Present Value Method Nov 14, 2015;
Hugh L. McColl Jr. is a fourth-generation banker and the former Chairman and CEO of Bank of America. Active in banking since around 1960, McColl was a driving force behind consolidating a series of progressively larger, mostly Southern banks, thrifts and financial institutions into a super-regional banking force, "the first ocean-to-ocean bank in the nation's history".
Between 1995 and 1998, the value of NationsBank stock tripled. In 1998, McColl oversaw the merger of NationsBank and the Bank of America which resulted in the creation of the second largest bank in the United States. McColl presided over the merger of the entities and its further expansion. Born-Died: 1935. Birthplace: South Carolina. Race: White.
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