Alston D. Correll

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. Paper Dealer

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

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

    An exchange-traded fund that invests primarily in manufacturers ...
  4. Paper Millionaire

    An individual who has achieved a high net worth as a result of ...
  5. Two Name Paper

    A nickname assigned to trade paper. Both Trade Acceptances and ...
  6. Performance Index Paper - PIP

    Short-term paper on which the rate of interest is denominated ...
Related Articles
  1. Trading Strategies

    Pros And Cons Of Paper Trading

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

    Money Market: Commercial Paper

    For many corporations, borrowing short-term money from banks is often a laborious and annoying task. The desire to avoid banks as much as possible has led to the widespread popularity of commercial ...
  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. Stock Analysis

    Cash Is King Once More

    Companies with a heavy dependence asset-backed commercial paper are doomed if investors get cold feet. Learn which companies have the most to lose.
  5. Professionals

    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.
  6. Stock Analysis

    Neenah Paper: Spin-Off Ready To Takeoff

    Neenah Paper was spun-off by Kimberly-Clark in December of 2004. Since then it's been mostly downhill, but there are some good reasons why it might be ready to takeoff.
  7. Professionals

    The Path To Becoming A CEO

    Think you have what it takes to be chief executive? Find out what those at the top have in common.
  8. Stock Analysis

    Is Int'l Paper's Dividend Raise Sustainable? (IP)

    International Paper (NYSE: IP) has given its shareholders a fine reason to celebrate. On Tuesday, the company raised its quarterly dividend by 10% to $0.44 per share. It has gotten into the ...
  9. Investing

    Correlation

    In the world of finance, correlation is a statistical measure of how two securities move in relation to each other.
  10. Investing

    Why Billionaires Love to Invest in Newspapers

    Why, if newspapers are in such dire straights, are savvy investors like Buffett and Bezos investing in print? Let’s take a look.
RELATED FAQS
  1. 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 >>
  2. 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 >>
  3. 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 >>
  4. 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 >>
  5. What is the difference between a president and a chief executive officer? Can there ...

    In general, the chief executive officer (CEO) is thought of as the highest ranking officer in a company while the president ... Read Answer >>
  6. Does a negative correlation between two stocks mean anything?

    Learn what the concept of negative correlation means, understand how it is generally calculated and see how it is used in ... Read Answer >>
Hot Definitions
  1. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  2. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  3. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  4. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  5. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  6. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
Trading Center