DEFINITION of 'John A. Allison IV'

A former chairman and CEO of BB&T Corporation, a North Carolina-based financial holding company, from 1989 to 2008, and a member of the company's board of directors. He is known for dramatically increasing the bank's assets to make it one of the largest banks in the United States.

BREAKING DOWN 'John A. Allison IV'

Born in 1948 in North Carolina, Allison earned an MBA from Duke University and joined BB&T in 1971 as a manager in the financial analysis department.
Allison is also a strong proponent of Ayn Rand's objectivist philosophy and has donated several million dollars to university programs to support study in this discipline.

RELATED TERMS
  1. Universal Banking

    Universal banking is a banking system in which banks provide ...
  2. Master Of Business Administration ...

    A graduate degree achieved at a university or college that provides ...
  3. Dummy Director

    Dummy directors are most commonly used when a private company ...
  4. C. Michael Armstrong

    Former long-time employee of IBM, C. Michael Armstrong was the ...
  5. Executive Director

    An executive director is the senior operating officer or manager ...
  6. E. Linn Draper Jr.

    A former chairman, CEO and president of Ohio-based public utility ...
Related Articles
  1. Investing

    BB&T Reports Disappointing Revenue, Earnings

    The regional bank saw revenue grow less than analysts expected.
  2. Investing

    BB&T Expands Investment Banking Team

    BB&T wants to capitalize on more mergers and acquisitions at its investment banking unit.
  3. Managing Wealth

    Retired execs: How much do corporate boards pay?

    If you have the right skill set, getting a seat on a company board can be a lucrative and stimulating way to spend some of your new free time.
  4. Insights

    What are the Federal Reserve Chairman's responsibilities?

    Learn about the duties and responsibilities of the chairman of the Federal Reserve Board, including testifying before Congress and as acting as chair of the FOMC.
  5. Investing

    10 Financial Stocks Poised to Outperform

    Financials are seen gaining on strong capital levels, higher interest rates and looser regulation.
  6. Investing

    Long-Term Outlook For Duke Energy

    Learn why Duke Energy is showing both positive and negative signs for long-term investors, and understand how an interest rate increase may impact the company.
  7. Personal Finance

    How to become a managing director at an investment bank

    Find out what it takes to become managing director at a major investment bank, starting from business school and surviving all of the titles in between.
  8. Financial Advisor

    Fund Boards: What They Do and Why You Should Care

    Fund boards oversee management and operations of the fund on behalf of shareholders. Make sure you've got a board that will look out for you.
  9. Insights

    Alcoa's Reveals Post-Split Boards of Directors (AA)

    The aluminum giant announced the leaders who will oversee the spin-off of its separate businesses.
RELATED FAQS
  1. What is the difference between a president and a CEO?

    In corporate governance and structure, the roles of both CEO and president often vary across firms. Read Answer >>
  2. What is the banking sector?

    Learn why the banking sector is a vital industry to our economy, what it does to drive the economic growth and understand ... Read Answer >>
  3. How does the balance of trade impact currency exchange rates?

    Find out how the balance of trade affects a country's exchange rates and how those exchange rates can, in turn, affect the ... Read Answer >>
  4. If I am looking to get an investment banking job, what education do employers prefer? ...

    If you are looking specifically for an investment banking position, an MBA may be marginally preferable over the CFA. Read Answer >>
Hot Definitions
  1. Inflation

    Inflation is the rate at which prices for goods and services is rising and the worth of currency is dropping.
  2. Discount Rate

    Discount rate is the interest rate charged to commercial banks and other depository institutions for loans received from ...
  3. Economies of Scale

    Economies of scale refer to reduced costs per unit that arise from increased total output of a product. For example, a larger ...
  4. Quick Ratio

    The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets.
  5. Leverage

    Leverage results from using borrowed capital as a source of funding when investing to expand the firm's asset base and generate ...
  6. Financial Risk

    Financial risk is the possibility that shareholders will lose money when investing in a company if its cash flow fails to ...
Trading Center