Bank of America 1998 Annual Report Download - page 8
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6
In every instance, our associates have been enthusiastic and confident
about the challenges and opportunities before us. At the end of the day, it is our
people that make me so confident about the future of your new company.
New teammates. In addition to welcoming all our associates to the new
Bank of America, I would particularly like to welcome the 18 individuals who
comprise the new board of directors. (A list of their names can be found on
page 28.) This is an extraordinarily experienced, talented and diverse group of
directors who will guide your company into the next century with courage
and wisdom.
I also would like to thank Andy Craig and Charlie Rice for their service
as chairmen of the NationsBank board. Andy’s support and wise counsel over
the past two years have earned him our gratitude; he’s been a good friend, and a
good leader for our company. We wish him well in his retirement. I welcome
Charlie to our new company in his new role as vice chairman for corporate
development. Charlie is an outstanding banker who will continue to contribute
greatly to our company.
Finally, I thank all the members of the boards of our predecessor
organizations for their service, their guidance and their vision. Each has my
sincere gratitude.
In closing, as always, I welcome your thoughts and suggestions.
Hugh L. McColl Jr.
Chairman and Chief Executive Officer
95
96
97
98
24.0
26.7
30.3
30.6
Revenue
( Dollars in billions)
95
96
97
98
36.3
37.8
44.6
45.9
Shareholders’ equity
( Dollars in billions)