DEFINITION of 'Alston D. Correll'

A former CEO and chairman of Atlanta-based paper and building materials manufacturer Georgia Pacific. Correll joined the company in 1988 as senior vice president of pulp and printing paper, became president and COO in 1991 and CEO and chairman in 1993. He retired in January 2006 and co-founded Atlanta Equity Investors, LLC.

BREAKING DOWN 'Alston D. Correll'

Correll was born in 1941 in Georgia. He first learned about running a business when, after his father's death, he went to work for the family business at age 12. He earned masters degrees in paper and pulp technology and in chemical engineering from the University of Maine, then went to work for paper company Weyerhaeuser in 1967 and then for Mead 10 years later.

As head of Georgia Pacific, Correll helped expand the company's product line from basic forest products into consumer products like toilet paper, in part through the 1999 acquisition of a major paper products distributor, Unisource Worldwide, and the 2000 acquisition of Fort James Corporation, a company that made name-brand paper cups, toilet paper and paper towels.



RELATED TERMS
  1. John T. Dillon

    A former president, chairman and CEO of International Paper Co., ...
  2. Paper Dealer

    A market maker that buys and sells extremely short-term corporate ...
  3. Soft Paper Report

    A reference to a lack of confidence in a report's facts or general ...
  4. Paper Industry ETF

    An exchange-traded fund that invests primarily in manufacturers ...
  5. Paper Trade

    Using simulated trading to practice buying and selling securities ...
  6. Tax-Exempt Commercial Paper

    An unsecured short-term loan, usually issued to finance short-term ...
Related Articles
  1. Investing

    Introduction To Commercial Paper

    Commercial paper is a short-term instrument that can be a viable alternative for retail fixed-income investors looking for a better rate of return on their money.
  2. Trading

    Pros And Cons Of Paper Trading

    Most market novices should paper trade for a considerable amount of time, despite key drawbacks.
  3. Investing

    Commercial Paper

    Commercial paper is a short-term debt security issued by financial companies and large corporations. The corporation promises the buyer a return, or profit, for making the loan. The return is ...
  4. Investing

    PIMCO Report: The Case for High Yield Bonds in 2016

    Discover how PIMCO's 2015 white paper strays from the company's mission to identify investment opportunities and risks for its clients.
  5. Taxes

    Panama Papers: Searchable Database of All 214,000 Parties Now Live

    Prepare for global mayhem.
  6. Investing

    3 Materials Stocks Near Their 52-Week Lows Worth Buying (AA, IP)

    Identify three promising materials stocks that might be worth buying in 2016 given fundamentals, valuations and the fact that they are trading near 52-week lows.
  7. Financial Advisor

    4 Reasons Why Market Correlation Matters

    Learn about how correlation can be used to measure how broader markets move in relation to each other. See how correlation is used to manage risk.
  8. Personal Finance

    America's Top CEOs and Their College Degrees

    You might expect all of America's top CEOs to have a business degree from an Ivy League school, but they hail from a variety of academic backgrounds.
  9. Investing

    Correlation

    In the world of finance, correlation is a statistical measure of how two securities move in relation to each other.
RELATED FAQS
  1. Can a business ever be too small to issue commercial paper?

    See why market forces regulate the size of companies that issue commercial paper, even though there are no official regulations ... Read Answer >>
  2. How can retail investors invest in commercial paper?

    Find out how individual retail investors can purchase short-term commercial paper, but why it rarely makes good investment ... Read Answer >>
  3. Can retail investors buy commercial paper?

    Find out whether retail investors buy commercial paper, and learn about the restrictions that often prevent individual investors ... Read Answer >>
  4. What happens when a company defaults on its commercial paper obligations?

    Read about the possible consequences of a large corporation defaulting on its commercial paper obligations even though the ... Read Answer >>
  5. What are some examples of securities that can be found in a money market fund?

    Learn about examples of securities found in money market accounts. These securities need to be safe, liquid and of short-term ... Read Answer >>
  6. What is the average growth rate of the forest products sector?

    Learn about the average growth rate in the forest products sector, along with the contributions this sector makes to the ... Read Answer >>
Hot Definitions
  1. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  2. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  3. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  4. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  5. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  6. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
Trading Center