John Allison | |
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Born | |
Education | University of North Carolina, Chapel Hill (BA) Duke University (MBA) |
Employer(s) | BB&T (1971–2010) Cato Institute (2012–2015) [1] |
Objectivist movement |
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John A. Allison IV (born August 14, 1948) is an American businessman and the former CEO and president of the Cato Institute in Washington, D.C. Allison held a number of leadership positions in BB&T Corp. from 1987 until 2010 when he retired. He now serves as a director at Moelis & Company.
John Allison grew up outside Charlotte, North Carolina. [2] He graduated Phi Beta Kappa from the University of North Carolina at Chapel Hill with a degree in business administration in 1971. [3] He received a Master of Business Administration from the Fuqua School of Business in 1974. [3]
Allison began his career with BB&T in 1971. [3] While CEO of BB&T (Branch Banking & Trust) in 2008, Allison earned a total compensation of $4,690,974, which included a base salary of $993,675, a cash bonus of $1,504,303, stocks granted of $995,089, and options granted of $973,800. [4] He retired at the end of 2008 as CEO of BB&T, handing over day to day control of operations to former COO, Kelly King, who assumed the CEO role on January 1, 2009. In 2008, Allison was nominated by Morningstar as one of the best CEOs of 2008.
Allison is a major contributor to the Ayn Rand Institute (ARI) and assigned Rand's Atlas Shrugged to all of his senior executives. [5] Calling Atlas Shrugged "the best defense of capitalism ever written", Allison has seen to it that "the BB&T Charitable Foundation has given 25 colleges and universities several million dollars to start programs devoted to the study of Rand's books and economic philosophy". [6] [7]
In June 2012, he was designated to replace Ed Crane as CEO and president of the Cato Institute, a libertarian think tank headquartered in Washington, D.C. [8] He retired from Cato at the end of March 2015. [1] He currently serves on the board of directors at Cato Institute.
Allison is a staunch opponent of the Federal Reserve, [9] and emphasizes its role in business cycles. [10]
Allison penned the introduction to Why Businessmen Need Philosophy: The Capitalist's Guide to the Ideas Behind Ayn Rand's Atlas Shrugged, published in 2011. [11] In September 2012, Allison released his own book, The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy's Only Hope. [12] Reviews of the book were strong, albeit not by ideological opponents. [13] [14] In October 2014, his second book, The Leadership Crisis and the Free Market Cure: Why the Future of Business Depends on the Return to Life, Liberty, and the Pursuit of Happiness, [15] was published.
He received an honorary doctorate from East Carolina University, Mercer University, and an honorary doctorate from Universidad Francisco Marroquín in Guatemala City, Guatemala. [16]
He serves on the board of visitors of the Fuqua School of Business, Build-A-Bear Workshop, Korkkuss-Neggins Business School, and the Kenan-Flagler Business School.
Alice O'Connor, better known by her pen name Ayn Rand, was a Russian-born American author and philosopher. She is known for her fiction and for developing a philosophical system she named Objectivism. Born and educated in Russia, she moved to the United States in 1926. After two early novels that were initially unsuccessful and two Broadway plays, Rand achieved fame with her 1943 novel The Fountainhead. In 1957, she published her best-selling work, the novel Atlas Shrugged. Afterward, until her death in 1982, she turned to non-fiction to promote her philosophy, publishing her own periodicals and releasing several collections of essays.
John Hospers was an American philosopher and political activist. Hospers was interested in Objectivism, and was once a friend of the philosopher Ayn Rand, though she later broke with him. In 1972, Hospers became the first presidential candidate of the Libertarian Party, and was the only minor party candidate to receive an electoral vote in that year's U.S. presidential election.
This is a bibliography for Ayn Rand and Objectivism. Objectivism is a philosophical system initially developed in the 20th century by Rand.
The Ayn Rand Institute: The Center for the Advancement of Objectivism, commonly known as the Ayn Rand Institute (ARI), is a 501(c)(3) nonprofit think tank in Santa Ana, California, that promotes Objectivism, the philosophy developed by Ayn Rand. The organization was established in 1985, three years after Rand's death, by businessman Ed Snider and Leonard Peikoff, Rand's legal heir.
Harry Binswanger is an American professor and author. He is an Objectivist and a board member of the Ayn Rand Institute. He was an associate of Ayn Rand, working with her on The Ayn Rand Lexicon and helping her edit the second edition of Rand's Introduction to Objectivist Epistemology. He is the author of How We Know: Epistemology on an Objectivist Foundation (2014).
Isabel Paterson was a Canadian-American libertarian writer and literary critic. Historian Jim Powell has called Paterson one of the three founding mothers of American libertarianism, along with Rose Wilder Lane and Ayn Rand, who both acknowledged an intellectual debt to Paterson. Paterson's best-known work, The God of the Machine (1943), a treatise on political philosophy, economics, and history, reached conclusions and espoused beliefs that many libertarians credit as a foundation of their philosophy. Her biographer Stephen D. Cox (2004) believes Paterson was the "earliest progenitor of libertarianism as we know it today." In a letter of 1943, Rand wrote that "The God of the Machine is a document that could literally save the world ... The God of the Machine does for capitalism what Das Kapital does for the Reds and what the Bible did for Christianity."
The Objectivist movement is a movement of individuals who seek to study and advance Objectivism, the philosophy expounded by novelist-philosopher Ayn Rand. The movement began informally in the 1950s and consisted of students who were brought together by their mutual interest in Rand's novel, The Fountainhead. The group, ironically named "The Collective" due to their actual advocacy of individualism, in part consisted of Leonard Peikoff, Nathaniel Branden, Barbara Branden, Alan Greenspan, and Allan Blumenthal. Nathaniel Branden, a young Canadian student who had been greatly inspired by The Fountainhead, became a close confidant and encouraged Rand to expand her philosophy into a formal movement. From this informal beginning in Rand's living room, the movement expanded into a collection of think tanks, academic organizations, and periodicals.
Edward Harrison Crane is an American libertarian and co-founder of the Cato Institute. He served as its president until October 1, 2012.
Ayn Rand's philosophy of Objectivism has been, and continues to be, a major influence on the right-libertarian movement, particularly libertarianism in the United States. Many right-libertarians justify their political views using aspects of Objectivism.
Tibor Richard Machan was a Hungarian-American philosopher. A professor emeritus in the department of philosophy at Auburn University, Machan held the R. C. Hoiles Chair of Business Ethics and Free Enterprise at the Argyros School of Business & Economics at Chapman University in Orange, California until 31 December 2014.
Yaron Brook is an Israeli-American Objectivist writer who is the current chairman of the board at the Ayn Rand Institute (ARI), where he was executive director from 2000 to 2017. Prior to joining ARI, he was a finance professor at Santa Clara University, where he taught for seven years.
Andrew Bernstein is an American philosopher. He is a proponent of Objectivism, the philosophy of Ayn Rand, and the author of several books, both fiction and non-fiction.
In the United States, libertarianism is a political philosophy promoting individual liberty. According to common meanings of conservatism and liberalism in the United States, libertarianism has been described as conservative on economic issues and liberal on personal freedom, often associated with a foreign policy of non-interventionism. Broadly, there are four principal traditions within libertarianism, namely the libertarianism that developed in the mid-20th century out of the revival tradition of classical liberalism in the United States after liberalism associated with the New Deal; the libertarianism developed in the 1950s by anarcho-capitalist author Murray Rothbard, who based it on the anti-New Deal Old Right and 19th-century libertarianism and American individualist anarchists such as Benjamin Tucker and Lysander Spooner while rejecting the labor theory of value in favor of Austrian School economics and the subjective theory of value; the libertarianism developed in the 1970s by Robert Nozick and founded in American and European classical liberal traditions; and the libertarianism associated with the Libertarian Party, which was founded in 1971, including politicians such as David Nolan and Ron Paul.
Capitalism: The Unknown Ideal is a collection of essays, mostly by the philosopher Ayn Rand, with additional essays by her associates Nathaniel Branden, Alan Greenspan, and Robert Hessen. The authors focus on the moral nature of laissez-faire capitalism and private property. They have a very specific definition of capitalism, a system they regard as broader than simply property rights or free enterprise. It was originally published in 1966.
Tara A. Smith is an American philosopher. She is a professor of philosophy, the BB&T Chair for the Study of Objectivism, and the Anthem Foundation Fellow for the Study of Objectivism at the University of Texas at Austin.
This article is a list of major figures in the theory of libertarianism, a philosophy asserting that individuals have a right to be free. Originally coined by French anarchist and libertarian communist Joseph Déjacque as an alternative synonymous to anarchism, American classical liberals appropriated the term in the 1950s for their philosophy which asserts that individuals have a right to acquire, keep and exchange their holdings and that the primary purpose of government is to protect these rights. As a result of this history, libertarians on this list may be either of the American-style free-market variety or of the European-style socialist variety.
Atlas Shrugged is a 1957 novel by Ayn Rand. It is her longest novel, the fourth and final one published during her lifetime, and the one she considered her magnum opus in the realm of fiction writing. She described the theme of Atlas Shrugged as "the role of man's mind in existence" and it includes elements of science fiction, mystery and romance. The book explores a number of philosophical themes from which Rand would subsequently develop Objectivism, including reason, property rights, individualism, libertarianism and capitalism, and depicts what Rand saw as the failures of governmental coercion. Of Rand's works of fiction, it contains her most extensive statement of her philosophical system.
John Aglialoro is an American businessman and film producer. He is an entrepreneur who has owned and operated a variety of businesses, primarily in the health and fitness industries, as chairman and co-founder of UM Holdings Ltd. of Haddonfield, New Jersey. Owner of the movie rights to Ayn Rand's Atlas Shrugged, Aglialoro is CEO of Atlas Distribution, which he founded to distribute films using the technology developed to bring Rand's best-selling novel to the screen.
Larry James Sechrest was an American economist who advocated the ideas of the Austrian School. He was a professor of economics at Sul Ross State University and was director of the university's Free Enterprise Institute.
William Herbert Peterson was an American economist who wrote on the insights of Ludwig von Mises through teaching, writing, and speaking on the relationship between free enterprise and human liberty.
Mr. Allison has called for abolishing the Federal Reserve, while acknowledging that so drastic a step is unlikely. He has met with Mr. Trump at the White House and has been widely mentioned as a potential successor to Janet L. Yellen as Fed chief.