Retired Bank of America CEO Hugh McColl Jr. on Tuesday criticized North Carolina’s new transgender bathroom law, saying it will harm the reputation of the state and Charlotte. ‘I think any step taken that makes the city or the state less open is very bad for our economy, because it may cause people to decide not to come here, and I think that’s bad,’ he said.
Retired Bank of America CEO Hugh McColl Jr. on Tuesday criticized North Carolina’s new transgender bathroom law, saying it will harm the reputation of the state and Charlotte. ‘I think any step taken that makes the city or the state less open is very bad for our economy, because it may cause people to decide not to come here, and I think that’s bad,’ he said. Jeff Siner jsiner@charlotteobserver.com
Retired Bank of America CEO Hugh McColl Jr. on Tuesday criticized North Carolina’s new transgender bathroom law, saying it will harm the reputation of the state and Charlotte. ‘I think any step taken that makes the city or the state less open is very bad for our economy, because it may cause people to decide not to come here, and I think that’s bad,’ he said. Jeff Siner jsiner@charlotteobserver.com
Bank Watch

Bank Watch

News and notes on Charlotte's banks and the financial industry

Hugh McColl calls state LGBT law ‘inappropriate, unnecessary legislation’

March 29, 2016 03:21 PM

UPDATED March 30, 2016 06:29 AM

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