John Allison, former CEO of both BB&T Corporation and the Cato Institute, addressed the Young Leaders Circle on May 6.
During Mr. Allison’s 19 year tenure as CEO, BB&T grew from $4.5 billion to $152 billion in assets. He was recognized by the Harvard Business Review as one of the top 100 most successful CEOs in the world over the last decade. And it’s really no wonder: BB&T remained profitable during the financial crisis—outperforming its peers. Those who benefited from BB&T’s performance can credit Mr. Allison for his brilliant management of the company, and we should all thank him for his honest and frequent assessments of TARP and other government policies. His leadership in the banking industry is second to none. Following his career at BB&T, for the past three years, he served as president and CEO of the Cato Institute and currently serves as Chairman of the Executive Advisory Council of Cato’s Center for Monetary and Financial Alternatives.