Archive for Thursday, March 26, 1998


March 26, 1998


Hugh McColl Jr., chief executive officer of NationsBank, will bring his progressive mix of business savvy and family-oriented policies to Kansas University for the 1998 Vickers Memorial Lecture.

McColl will deliver his ``Building Community'' lecture at 7 p.m. Tuesday at the Kansas University Lied Center. The event, organized by the KU business school, is free to the public.

Since the first address in 1971, the Vickers Lecture series has brought to KU speakers such as Itzhak Rabin, George Bush, Sandra Day O'Connor, Patrick Buchanan and Jerry Reinsdorf.

Charles Koch, chair and chief executive officer of Koch Industries Inc., Wichita, delivered the 1997 lecture.

McColl began his career with NationsBank in 1959 as a management trainee. By 1983 he had been elected chair, president and chief executive officer of the corporation.

A decade later, he was named Banker of the Year by The American Banker magazine. Under McColl's guidance, the Charlotte, N.C.-based company has grown more than 40-fold.

Today, NationsBank has primary consumer and commercial banking operations in 16 states and the District of Columbia. The company holds assets totaling about $310 billion and is one of the three largest banking companies in the country.

On Jan. 9, NationsBank merged with Barnett Banks Inc., the largest merger in U.S. history.

McColl is renowned for his corporate policies designed to improve community and family life.

From 1992 to 1996, NationsBank injected $13 billion into economically underserved communities through community-development loans. McColl also established an ``Education Initiative,'' which grants bank employees up to two hours of paid time each week to volunteer in local schools.

NationsBank has also been recognized for its progressive work-and-family programs. Working Mother magazine has listed it among the 10 best companies for working mothers for the past five years and among the 100 best companies for working mothers for nine consecutive years.

In 1992, the magazine named McColl its Family Champion.

NationsBank has set up a $10 million dependent-care fund to support more than 30 child- and elder-care programs for NationsBank employees in a dozen cities. It subsidizes bank employees' child-care costs up to 50 percent if an employee's income is less than $35,000.

According to McColl, programs that focus on employees' needs as heads of families make good business sense and help the bank's recruitment and retention of employees.

``Not only is he a corporate chieftain who is at the helm of an extraordinarily complex business conglomerate, he is a deeply caring person who 'walks the walk' in building the communities within the NationsBank system,'' said Tom Sarowski, dean of the KU business school.

-- Matt Gowen's phone message number is 832-7222. His e-mail address is

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