John A. Allison IV
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John Allison was born on August 14, 1948[1], in Charlotte, North Carolina[2]. He began his career with BB&T in 1971 following his graduation from the University of North Carolina with a degree in business administration[1][2]. He also earned an MBA from the Fuqua School of Business at Duke University[1] in 1974, and since has received an honorary doctorate from East Carolina University. He is a trustee of Appalachian State University, and serves on the Board of Visitors of the Fuqua School of Business[2]. He has a wife, Betty, and three children[1].
He is a major contributor to the Ayn Rand Institute and assigns Rand's Atlas Shrugged to all of his senior executives.[citation needed] Calling Atlas Shrugged "the best defense of capitalism ever written," Allison has seen to it that "the BB&T Charitable Foundation has given 25 colleges and universities several million dollars to start programs devoted to the study of Rand's books and economic philosophy."[3]
In 2008, Allison was nominated by MorningStar as one of the best CEOs in 2008 calendar year.
While CEO of BB&T in 2008, John A. Allison IV earned a total compensation of $4,690,974, which included a base salary of $993,675, a cash bonus of $1,504,303, stocks granted of $995,089, and options granted of $973,800.[4]
Allison retired at the end of 2008 as CEO of BB&T, handing over day to day control of operations to former COO, Kelly King, who assumed CEO role on January 1, 2009.
[edit] References
- ^ a b c d http://www.charlotte.com/171/story/548842.html
- ^ a b c BB&T - Company Information
- ^ "Ayn Rand Studies on Campus, Courtesy of BB&T," NPR News, by Clark Davis
- ^ 2008 CEO Compensation for John A. Allison IV, Equilar.com
