Second Acts
July 11, 2012 10:48 AM
(Image: Bloomberg News)
Freedom Fighter
Allison retired as the CEO of BB&T in late 2008 and as the Winston-Salem, N.C., company's chairman a year later. Within a year, he was a professor at the Wake Forest University Schools of Business. In addition to joining the Cato Institute, Allison is set to release a book on the roots of the financial crisis this fall.
Channeling Creativity
Bill Donius, the former chairman and CEO of Pulaski Bank , has also written a book since retiring, though his focuses on unlocking the creativity of the right brain. Donius also blogs for the Huffington Post and serves on the board of the Human Rights Campaign, a civil rights group for lesbian, gay, bisexual and transgender Americans.
Meeting a Need
Peter Raskind was the CEO at National City when it sold to PNC Financial at the height of the financial crisis in 2008. He was the CEO for only 17 months. A year later, Raskind became the interim CEO of the Cleveland-Cuyahoga County Port Authority. Raskind is now the interim CEO for the Cleveland Metropolitan School District.
Political Aspirations
Eric Hovde, an investment banker who is also the chairman and largest shareholder of Sunwest Bank in Tustin, Calif., is running in the Republican primary in Wisconsin for the U.S. Senate. Recent polls have given Hovde a slight edge over Tommy Thompson, the state's former governor and Secretary of Health and Human Services under George W. Bush.
Capitol Goal
John Delaney resigned as the executive chairman of CapitalSource, a commercial lender he founded, to run for a House seat in Maryland. He won the Democratic primary in April and is challenging 10-term veteran Rep. Roscoe Barlett.
How's the Backhand?
James Giancola stepped down as the CEO of Midwest Banc Holdings in Melrose Park, Ill., in January 2009, just over a year before its bank failed. Giancola has spent the last three years working as a tennis pro in Incline Village, Nev.
