16 June 2012 0 Comments

John Allsion: Business Genius and Business In America

“John A. Allison is the former chairman and CEO of BB&T Corporation, where he started working in 1971. Under Mr. Allison’s leadership, BB&T grew from $4.5 billion in assets to $152 billion, becoming America’s 10th largest financial services company and earning the bank’s chairman a spot on Harvard Business Review’s list of top 100 most successful CEOs in the world.”\

5 Questions with BB&T’s John Allison

‘It’s easier for government to control a few large institutions

Allison: BB&T grew through local decision-making and personalized service focused on small businesses and the middle market. The current regulatory environment not only imposes extraordinary cost on smaller financial institutions, it makes it difficult to treat each customer as a special individual. Personalized service is now considered by the regulators to be “disparate” treatment. Small-business lending is part science and part art. It is extraordinarily difficult to execute a personalized value proposition with bank examiners micromanaging every decision.

READ MORE 11 May 2012 Brett Decker Washington Times

More on John Allison BB&T Corporation Winston-Salem, NC – Forbes.com Profile

Note Mr. Allison did not attend an Ivy League School

Give BB&T Liberty, but Not a Bailout NYTimes 1 August 2009

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