Before assuming the presidency of the Cato Institute on October 1, Allison served as chairman of BB&T from 1989 to 2009, during which it grew from $4.5 billion in assets to $152 billion, becoming America’s 10th-largest financial services institution. After his retirement, he served as a distinguished professor at the Wake Forest University Schools of Business. Allison received a Lifetime Achievement Award from American Banker and was named one of the decade’s 100 most successful CEOs by Harvard Business Review.
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New IMF research shows public sector employment squeezes out private sector employment.
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