Hugh McColl
Banker
Analyst: Replace Ken Lewis with Ken Lewis...he continued. Brown has long criticized Bank of America, saying that its acquisitions under Lewis and predecessor Hugh McColl Jr. have diluted the bank's value and hurt shareholders. Jon Finger, whose Houston investment firm has... In this article: Ken Lewis, Bank of America, Bank of America, Colorado, and E mail |
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Charlotte Observer | November 20, 2009
Analyst: Replace Ken Lewis with … Ken Lewis
In this article: Ken Lewis, Bank of America, Bank of America, Colorado, and E mail
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Energy chief: We need more leaders
...and answers have been edited for clarity and length. Q. What are your thoughts on civic leadership here in Charlotte? We used to have Hugh McColl Jr. at Bank of America, and Rolfe Neill at the newspaper, Bill Lee at Duke, Ed Crutchfield at...
In this article: Charlotte, Wachovia, Dog, Bank of America, North Carolina, and Cinergy Corp.
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Centre Daily Times | November 10, 2009
Ken Lewis: Merrill deal to pay off in time; savings ahead of schedule
...shareholders." Lewis opened his speech with an uncharacteristic joke about his impending exit, remembering how his predecessor, Hugh McColl Jr., handed over the responsibility for dealing with analysts to Lewis in 2000. "Hugh wrote to all...
In this article: Bank of America Corp., Hugh McColl Jr., Merrill Lynch, Charlotte, Countrywide, North Carolina, and New York
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Seeking Alpha | November 09, 2009
Ken Lewis and the Regulators
...and market pressures, it was Ken Lewis. The Mississippi native clawed to the top of Bank of America. After succeeding his mentor, Hugh McColl Jr., as chairman and CEO in 2001, Mr. Lewis kept up a blistering pace of acquisitions and tight...
In this article: Ken Lewis, Bank of America, Hugh McColl Jr., Tim Geithner, and Mississippi
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Headless BofA
...to take another hit, but here it is anyway: He's created a monster with no succession plan and no ability to hire a CEO. At least when Hugh McColl was building the monster it was always clear that Lewis would be there if he ever fell under a...
In this article: Bank of America, Ken Lewis, Barclays, JP Morgan, and Bank of Hawaii
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BofA's next chief may be based in New York
...live in Alabama, Delaware, New York, Ohio, Texas and Virginia. Lewis, 62, is the only N.C. resident. Former Bank of America CEO Hugh McColl Jr. told a Charlotte group on Oct. 22 that it's unclear whether the next CEO will be based in the...
In this article: Charlotte, Bank of America Corp., New York, Revenue, Hugh McColl Jr., Walter Massey, and Wells Fargo
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Financial Times | November 03, 2009
Fund urges BofA to look outside for chief
...keeping with the bank's tradition of promoting from within. Before ascending to the top job in 2001, Mr Lewis was a longtime protege of Hugh McColl, who built NationsBank into a national powerhouse. The top two inside candidates are...
In this article: Bank of America, Ken Lewis, NationsBank, and US Bancorp
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Reuters | November 03, 2009
BofA CEO may be based outside Charlotte - report
...to move to Charlotte, once home to two of the nation's largest banks, the report said. Bloomberg cited former Bank of America CEO Hugh McColl's Oct. 22 comments at a Queens University of Charlotte meeting. McColl said it wasn't certain the...
In this article: Charlotte, Bank of America Corp, Ken Lewis, New York, Investment management, Wealth management, and Queens University of Charlotte
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6 receive North Carolina Award
...Museum of History. The awards recognize achievement in public service, science, literature and the fine arts. Public Service: Hugh McColl Jr., who oversaw the dramatic expansion of what is now Bank of America. After retiring in 2001,...
In this article: Hugh McColl Jr., Charlotte, Cancer, Chemistry, National Book Award, N.C. State University, and National Football League
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NBC | October 23, 2009
Hugh McColl: B-of-A's Lewis criticized too much
...2009 CHARLOTTE, N.C. -- Three weeks after his hand-picked successor announced he will step down from the nation's largest bank, Hugh McColl is sharing his thoughts on the firestorm of criticism surrounding Bank of America's outgoing CEO.
In this article: Ken Lewis, Merrill Lynch, Bank of America, A's, Charlotte, and North Carolina
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Description from Wikipedia:
Hugh L. McColl Jr. (born June 18, 1935) is an American banker who was a driving force behind the consolidation that characterizes the commercial banking industry today.
McColl came from a line of bankers and was born and raised in Bennettsville, South Carolina, and graduated from the University of North Carolina at Chapel Hill. McColl then joined the United States Marine Corps. After serving a tour of duty, approximately two years later, he was honorably discharged and returned to North Carolina to work for a small regional banking company in Charlotte, North Carolina as a management trainee. This company would later be known as North Carolina National Bank, and McColl would rise through the ranks to become its CEO and Chairman.
Vigorously competitive, he deployed a military approach to transforming his small regional bank through acquisitions to NationsBank and then Bank of America.
McColl maintained an "enemies list" in his pocket of his primary competitors, and once threatened to "launch his missiles" at an acquisition candidate to push the deal forward. This attitude was embraced by the small bank executives, who through the years proved their industry leadership. When questioned about his aggressive attitude towards competitors, McColl once remarked to a group of business students that "People say don't be edgy. I just don't know any other way."
McColl's family consists of two sons and a daughter who have pursued careers of their own, along with grandchildren.
On April 26, 2007, Hugh McColl was inducted into the Junior Achievement U.S. Business Hall of Fame.
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