Oral History Interview with John Medlin, May 24, 1999. Interview I-0076. Southern Oral History Program Collection (#4007).
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Abstract
John G. Medlin Jr., CEO of Wachovia, discusses the growth of the Charlotte-based bank. Medlin places the rise of Wachovia in a historic context, describing the management philosophy with which he stewarded its growth, along with some of the details of its national and international expansion. As he reflects on Wachovia's history, he comments briefly on the development of his management philosophy, Wachovia's history with racial integration, and its involvement in politics and charitable giving.
Excerpts
Sources of values for career in business
Clashing business models at Wachovia in the 1960s
Lobbying government for relaxation of usury law
Risk-taking and caution in the bank business
Maintaining personal connections in a changing business environment
Wachovia in North Carolina banking history
Business relationship with Governor Jim Hunt
Legislation always follows business needs too late
Personal relationships and time management are principal challenges
Wachovia bans political donations but communicates with politicians
Choosing limited expansion
Challenges of expansion
New banking technologies
Banking success in North Carolina
Wachovia's record on race
School, news, and history drive decision-making
Regional character lessens but persists
Wachovia's community giving
Reflections on Wachovia's bright future
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Subjects
Banks and banking--North Carolina--History--20th century
Wachovia Corporation
Medlin, John
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