John A. Allison IV was the CEO of BB&T Corporation until his retirement in 2008. He led BB&T through significant changes during his time, focusing on aligning executive pay with what would benefit shareholders. In 2008, his total pay was...
John A. Allison IV was the CEO of BB&T Corporation until his retirement in 2008. He led BB&T through significant changes during his time, focusing on aligning executive pay with what would benefit shareholders. In 2008, his total pay was about $7.2 million, which included a salary of $999,900 and performance-based stock options. Notably, he received no bonus that year since the company didn't meet its earnings targets. After stepping down as CEO, he became Chairman of the Board and held that role until 2009. Allison also played an educational role later on, becoming a Distinguished Professor at Wake Forest University. His past achievements include being recognized as one of the top 10 CEOs by Harvard Business Review and receiving a Lifetime Achievement Award from American Banker. He served BB&T for several decades, starting as a leader in 1989 and leaving a strong legacy in the financial industry.