Betsy Speicher

BB+T launches Capitalism Center at Wake Forest

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From The Business Journal of the Greater Triad Area, Friday, June 20, 2008 - 11:07 AM EDT (here):

Wake Forest launches Capitalism Center

Wake Forest University will use a $2 million, 10-year grant from BB&T to establish the Center for the Study of Capitalism.

BB&T has funded such programs at a number of schools through its charitable foundation, including at UNC-Greensboro, which received a $1 million grant in 2006.

The program at Wake Forest will include an undergraduate course on "the moral and intellectual underpinnings of capitalism" as well as lectures, seminars and research support for issues related to ethics and capitalism, according to an announcement. BB&T-funded capitalism programs usually include readings from Ayn Rand, whose "Objectivism" philosophy of unfettered free enterprise has been influential to BB&T Chairman John Allison.

The center will have a university-wide faculty advisory board, a fellowship and a center director. The director will be Page West, a professor in the Calloway School of Business and Accountancy who authored the grant proposal.

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Applause, applause for John Allison and all his colleagues at BB&T!

And may he live to be a hundred!

... and continue what he's doing. The day John Allison retires is the day I sell all my BB+T stock.

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