WHEELING, WV, March 11, 2011 -- Retired chairman of the BB&T Corporation John Allison, will present a public lecture on leadership at Wheeling Jesuit University on Wednesday, April 6.
His 7 p.m. program is part of the Distinguished Speaker Series presented annually by Wheeling Jesuit's Institute for the Study of Capitalism and Morality (ISCM) and takes place in the National Technology Transfer Center auditorium.
During Allison's tenure as chairman and CEO from 1989 to 2008, BB&T grew from $4.5 billion to $152 billion in assets to become the 10th largest financial institution headquartered in the U.S. During this same period, BB&T expanded its insurance business from a small local agency, to become the 6th largest insurance broker in the world. BB&T has weathered the Great Recession better than almost any bank in America, according to Allison.
Allison attributes the success of BB&T to the concept of Principled Leadership based on an uncompromising commitment to fundamental values. Allison will highlight how to use a clear sense of purpose and a conscious commitment to rationality as a means of energizing your employees and avoiding fundamental business mistakes. He will also outline the necessity of having a fully integrated and non-contradictory set of principles for organizational and individual integrity.
His lecture will show how the pursuit of personal happiness and organization success are in harmony when the individual and the organization have values based on reality and reason.
He has presented leadership talks to hundreds of thousands of people across the country and he can be found on YouTube and on CD.
Allison began his service with BB&T in 1971 and managed a wide variety of responsibilities throughout the bank. He became president of BB&T in 1987 and was elected chairman and CEO in July 1989. During Allison's tenure as CEO from 1989 to 2008, BB&T grew from $4.5 billion to $152 billion in assets. In March 2009, he joined the faculty of Wake Forest University School of Business as Distinguished Professor of Practice.
Allison is a Phi Beta Kappa graduate of the University of North Carolina at Chapel Hill, where he received a bachelor's degree in business administration in 1971. He then went on to earn a masterís in management from Duke University in 1974. He is also a graduate of the Stonier Graduate School of Banking and has received honorary doctorate degrees from Clemson University, East Carolina University, Mount Olive College, Marymount University, Mercer University and Universidad Francisco Marroquin in Guatemala. Allison received the Corning Award for Distinguished Leadership, was inducted into the North Carolina Business Hall of Fame and received the Lifetime Achievement Award from the American Banker in 2009.
He serves on the Wake Forest University Schools of Business board of visitors, Wake Forest University Baptist Medical Center board of visitors, the board of visitors at the Fuqua School of Business at Duke University and the Kenan-Flagler Business School at UNC-Chapel Hill. He is also a member of the boards of directors of the Independent College Fund and the Global TransPark Foundation.
A native of Charlotte, N.C., Allison is married to the former Elizabeth McDonald of Elkin, N.C. They have two sons and one daughter.
Founded in the spring of 2006 as a result of a generous gift from the BB&T Charitable Foundation, the ISCM is dedicated to an examination of capitalism and a free society. It supports the growth and development of teaching and research while establishing a forum for differing opinions to promote an appreciation of the concept, operation and effects of a Capitalistic system by engaging students and the community in activities designed to stimulate discussion of these important topics. Wheeling Jesuit is one of five West Virginia institutions of higher learning that received a grant from BB&T for the purpose of studying capitalism.
For more information, please visit, www.wju.edu/academics/bus/iscm/ or call 304-243-2087.