BankAmerica's views on financial services subjects are presented in a
variety of venues around the world. In this space, we'll put up a few
sets of remarks on important issues that we believe may be of interest
to the public.
Recent Executive Speeches
"To sustain our current employment levels in a mature economy with 3
percent GDP growth, the U.S. must sell to those emerging markets that
are enjoying growth levels two and three times faster than ours... And
as hard as it may be to accept in the most powerful economy in the
world, to do this in an increasingly competitive world we must
continue to adapt faster, we must compete smarter, and we must act
more boldly and with a broader vision.
Make no mistake: The world is watching . . . but it is not waiting."
"Global Realities"
Remarks by Chairman and CEO Dave Coulter
Pittsburgh, Pennsylvania
18 May 1997
"Last year, when I spoke to shareholders at the annual meeting for the
first time, I identified an overall goal I had set for the
company. I said then that we wanted to make BankAmerica the
best place to bank, the best place to work, and the best place
to continue to invest.... There is one more thing that I think can
help us to be the best: you."
Remarks at the Annual Meeting of Shareholders by Chairman Dave Coulter
Los Angeles, California
22 May 1997
"We all have a decision to make about the common good.
We can be bound by close horizons, or we can behave like leaders.
We can demand of our representatives a sense of urgency in addressing
the crisis in Social Security. We can demand of our representatives a
solution that is broad-minded, thorough, and fair. We can demand a
return to values like personal accountability and responsibility. And
we can demand that demagoguery will not be tolerated."
"The Social Security Crisis: a Search For Solutions"
Excerpted remarks by Chairman and CEO Dave Coulter
Palm Springs, California
March 3, 1997
"You and I in this room may grasp the benefits of a global economy and free
trade. The fact is that across this country, a good many people, some
thoughtful and some not so thoughtful, simply think we're wrong. They think
that trade should be limited, American jobs protected, and domestic industries
insulated... The challenge is to convince ourselves and our colleagues to look
beyond a short-term "win-lose" view, to see the real long-term advantages and
benefits of free and open global trade."
Keynote Remarks: University of Washington School of Business Annual Business Leadership Banquet
by Chairman and CEO Dave Coulter
Seattle, Washington
17 October 1996
"As individuals, we must move from an entitlement ethic to a savings ethic, or
what former Commerce Secretary Pete Peterson recently called a "self-endowment
national ethic." At present, however, we are acting like a nation in denial.
We personify the definition of insanity – which is, doing the same things over
and over and expecting different results. Instead, we must become a nation of
savers once again, living within our means and endowing our nation's future by
creating the seed capital for investment."
"Our Future is Worth Saving"
by Chairman and CEO Dave Coulter
Los Angeles, California
17 September 1996
"Our goals, in essense, are very simple. We want BankAmerica to be
the best place to bank, the best place to work, and the best place to
continue to invest. To me, that means keeping our focus on providing
customers the services they want, when, where, and how they want them.
It means recruiting the most talented people in the buisness,
motivating them to do their best work, recognizing their efforts, and
rewarding them appropriately. Above all, it means running the bank
for you, the shareholders, weighing all of our decisions according to
the impact they will have on long-term shareholder value, investing
only in those businesses which we believe can give us an appropriate
long-term return for the risk involved, and showing you with our
results that BankAmerica Corporation is a place in which you want to
continue to invest."
Remarks at the Annual Meeting of Shareholders
by Chairman Dave Coulter
San Francisco, California
23 May 1996
"I believe that the financial services industry is on the verge of a new era of
growth and strength for four basic reasons: first, industry leaders are building
strong new franchises that expand the scope and breadth of their business;
second, the pace of technological change is accelerating and, while often
challenging, has many positive implications for our daily activities; third, the
increasing globalization of world capital markets gives us new opportunities to
act as financial intermediaries; and fourth, it appears to BankAmerica that the
California economy is rebounding, which gives all of us a near-term favorable
environment in which to do business."
"The Financial Industry in the Nineties"
by CEO Dave Coulter
Fresno, California
22 February 1996
"Genuine and sustained community development cannot be achieved by one company,
or even by one industry. To be successful, it will require partnerships and
alliances that transcend individual agendas. It will require market-based
models of community development that are motivated by solid business strategies,
including long-term profitability. And it will take a good-faith, genuine
commitment on the part of everyone here today, and our counterparts throughout
the country."
"The New CRA: Sustaining our Communities"
by President Dave Coulter
Federal Reserve Conference
San Francisco, California
1 December 1995
"I've been a banker here in San Diego for 20 years. During that time, I've seen
the industry change a great deal. I've seen bankers' hours replaced by 24-hour
service. I've seen government deregulation herald an era of unparalleled
convenience and unyielding competition. I've also seen our city lose a number
of its major financial institutions in the industry's nationwide trend toward
consolidation. But today, more than ever, I believe that where a company is
headquartered matters less than what it contributes to the community. By that
measure, I think we are very much a local company. The bank is proud of its
partnership with San Diego, and we look forward to working with everyone here to
make this city -- our city -- an even better place to live and work. "
Remarks, San Diego Banking Forum
by Executive Vice President Doug Sawyer
Manager, Southeast Region, Bank of America NT&SA
San Diego, California
4 October 1996
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