Chairman of BB&T John Allison presented his lecture
to faculty, staff and students.
Randolph-Macon College’s Board of Associates (BOA) invited John Allison, chairman
of the BB&T Corporation, to campus on November 19, 2009 as part of its Executive
Speakers Series. His lecture, titled “Principled Leadership,” was given to R-MC
students, faculty and staff in the college’s Copley Science Center.
Allison spoke about the importance of businesses having strong values that help
employees make smart, rational and competitive business decisions. Allison told
the standing-room-only crowd, “Businesses, just like people, need to have a sense
of purpose.” He added, “Values are practical habits that enable us as individuals
to live, be successful and achieve happiness.” Allison noted that BB&T has ten
core values and he believes those values, used together, can “dramatically change
the probability of making the right business decisions.” The lecture was followed
by a question and answer session.
BB&T Corporation is the 10th largest financial services holding company headquartered
in the U. S. Allison began his service with BB&T in 1971 and has 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 Schools of Business
as Distinguished Professor of Practice.
Allison has expertise in leadership/organizational development, finance/banking
and mergers/acquisitions. He is actively involved in presentations at universities
on "Principled Leadership" and with academic, business and community organizations
on the current financial/economic environment.
Allison serves on the 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.
Randolph-Macon recently received a $500,000 grant from the BB&T Charitable Foundation.
The grant will be used to expand the study of ethics, economics and capitalism through
a broadened curriculum, faculty and student research, internships and one-on-one
interaction with business leaders.
Created by the R-MC Board of Trustees in 1980, the Board of Associates is an organization
of men and women who have pledged to join their talents, energies, resources and
wisdom to advance the mission of Randolph-Macon College. Through collective involvements
and individual activities, members of the Board of Associates strive to procure
new and sustained financial resources, to attract qualified students, to enhance
the image and reputation of the institution, to enrich the educational experience
of the students, and to provide advice and opportunities to students in preparation
for fulfilling careers.
For more information, contact Robert Patterson, director of corporate and foundation
relations, at 804-752-3605.