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If Yaron Brook, the president of the Ayn Rand Institute, had his way, the next U.S. president would be former BB&T Corp. Chief Executive John Allison.
January 4 -
John Allison may have retired as BB&T's CEO in 2008 but he still has strong opinions about the economy and banking industry. In a wide-ranging interview, he projects five years of stagnant growth, mixed results for M&A and 5-10% job cuts in the banking industry.
September 12
John Allison, the retired chairman and chief executive of BB&T, will become the new CEO of the Cato Institute under a compromise reached by the group's founders.
Allison, who has remained on BB&T's board
The changes resolve a longstanding legal battle between Crane and Charles Koch, who co-founded the institute. Under terms of the agreement, Cato will no longer be a stockholder corporation and will instead be governed by members. Allison, who will join the group's board, also has the option to nominate up to two additional directors.
Allison said in press release Monday that he was "happy to assist in resolving the pending litigation and related issues," adding that his goal is "to sustain Cato's efforts at moving the country toward a freer and more prosperous society."
Allison, who has also served as a professor at Wake Forest University in recent years, has long been a supporter of free markets. He is also a