TOS Blog: Daily Commentary from an Objectivist Perspective

Monday, November 10, 2008

Financial Trauma: Causes and Possible Cures

Posted by TOS Admin at 11:20 pm

What: A Lecture followed by Q & A

Who: Mr. John Allison, President and CEO of BB&T Corporation

When: November 19, 2008, 3:30 PM, Griffith Theatre, at the Bryan Center, Duke University (Directions)

The event is FREE and open to the public.

As the world struggles with the current financial crisis, we should listen to the executives of successful financial institutions. BB&T is such an institution.

Mr. Allison will outline the causes of today’s financial chaos, including the errors that led to the crisis. He will discuss the broader implications for the economy, including the effects on the housing and mortgage industries, and offer economic and political suggestions for both short-term and long-term cures.

John A. Allison became CEO of BB&T on July 7, 1989.  At the end of 1989, BB&T was ranked 96th largest bank in the nation with $4.8 billion in assets.  After 60 bank and thrift acquisitions, and the implementation of innovative training and measurement programs, the former eastern North Carolina farm bank has grown to become the nation’s 14th largest financial holding company. Assets have increased from $4.8 billion, when Allison began his tenure as CEO, to $137 billion today.

Sponsor: The Program on Values and Ethics in the Marketplace, Duke University

Contact: John Lewis, john.d.lewis@duke.edu

Posted in: Announcements, Business and Economics, Events