List of Article with: kelly king
BB&T CEO Predicts Steady Growth
This story appears in this morning’s Charleston Gazette.
By Eric Eyre
Charleston Gazette
The U.S. economy is “kind of sputtering along,” but that’s not a bad thing, BB&T CEO Kelly King told Charleston business leaders Wednesday night.
“That’s the way an economy has to rebuild itself during recovery, especially after a recession that was so deep and so broad,” said King, who heads the nation’s eighth-largest commercial bank.
Speaking at the Charleston Area Alliance’s “Annual Celebration” at the Clay Center, King said Americans shouldn’t expect a robust or “boomerang” economy during the next three to five years. Instead, he said, they’ll see slow, steady growth.
“What we need is jobs, jobs, jobs,” he said. “The recession is over. We are in recovery.” (more…)
BB&T Chief Speaks at Annual Celebration
This story appears in today’s Charleston Daily Mail.
By George Hohmann
Daily Mail Business Editor
If the federal government hadn’t overreacted to the 2008 financial crisis, “which whipped the country into a panic frenzy, we would have survived fine,” said Kelly King, chairman and chief executive officer of BB&T Corp.
“Several big firms would have failed, we would have had 30 days of anxiety, then we would have moved on,” King said. “We would have had a tough recession,” but not a catastrophe.
King delivered the keynote speech Wednesday at the Charleston Area Alliance’s Annual Celebration. More than 400 business leaders from the region attended the event at the Clay Center.
Given that the federal government did create a panic, “there were days you could see the whole system collapsing,” he said. “Given that we were in that situation, you had to step in. In that context, TARP (the $700 billion Troubled Asset Relief Program, which pumped money into banks, General Motors, AIG and some other companies) was a good thing. But it did not have to happen.”
Although TARP gave the banking business a black eye because people still refer to it as the bank bailout, “when the dust settles the whole TARP program may actually turn a profit,” King said.
The federal overreaction was unfortunate, King said, because “when you have a big panic and the government steps in, it so undermines the system. The system is built on confidence. Before this, we bankers were fairly well thought of. Right after this we were down there with the lawyers.” (more…)
Alliance Hosts Celebration
The story below aired this morning on WCHS Radio.
BB&T CEO Kelly Kings say business leaders in Charleston and around the nation are key to the an economic recovery.
King was the keynote speaker at the Charleston Area Alliance’s Annual Celebration at the Clay Center Wednesday night.
Generation Charleston Co-Char Ryan White says growing business is exactly what Charleston Alliance does.
“The importance of this organization is to encourage business to come in and add jobs, and also build a sense of community,” White said.
The Alliance’s Vice President, JoEllen Zacks, says over the next year the group will work to bring even more business to Charleston.
“Try to recruit companies here, help the companies that already are here become more successful, and improve the quality of life for everyone that lives here,” Zacks said.
King says more jobs can be created as the U.S. comes out of the economic downturn.
White says the Alliance will try to attract companies to drill in the Marcellus Shale in Charleston. Several sites around the state, including an area in Kanawha County, have been considered. White says they will work to bring it to Charleston.
“Bringing an ethane cracker to West Virginia, and what comes with that, which is additional chemical industry,” White said.
The Big Show is Tonight!
Just This In …. The Business Event of the Year is a Week Away!
The head of one of the nation’s largest financial holding companies will share his insights on the nation’s economic meltdown and what lies ahead at the Charleston Area Alliance Annual Celebration, to be held Wednesday, May 25, at the Clay Center for the Arts & Sciences.
Jackson Kelly is the event’s Title Sponsor.
A keynote address on “After the Crisis” by BB&T Corporation Chairman and CEO Kelly King will highlight this annual tribute to the people, businesses and organizations that have helped build a more vibrant community and prosperous economy.
The Annual Celebration will feature an engaging, fast-paced presentation, including remarks by King and a salute to the 2011 College Summit Scholarship recipients and Leadership Kanawha Valley graduates, in the Maier Performance Hall. The formal program will followed by a spectacular reception in the stunning lobby of the Clay Center.
A VIP invitation-only reception for event sponsors will kick off the evening’s festivities.
VIP Sponsor Reception (invitation only):
4:00-5:00 p.m.
Annual Celebration Formal Program:
5:00-6:15 p.m.
Gala Reception:
6:15-8:00 p.m.
Tickets are $200 Alliance members/$250 future members.
“The Annual Celebration, the Alliance’s largest fundraiser of the year, is your opportunity to share in the pride for the Kanawha Valley and sustain the Alliance’s vital work in creating jobs, enhancing our community and investing in people,” said Alliance President/CEO Matt Ballard.
“We invite you to join the more than 500 business and community leaders who will attend for this business event of the year. With your participation, we will truly have something to ‘celebrate’ on May 25 – and beyond,” Ballard said.
We are unable to invoice for groups with fewer than 10 or issue refunds for cancellations received less than 48 hours prior to the event. Thank you.
WCAA to Broadcast from Annual Celebration!
The Business Event of the Year Is Fast Approaching
The head of one of the nation’s largest financial holding companies will share his insights on the nation’s economic meltdown and what lies ahead at the Charleston Area Alliance Annual Celebration, to be held Wednesday, May 25, at the Clay Center for the Arts & Sciences. Jackson Kelly is the event’s Title Sponsor.
A keynote address on “After the Crisis” by BB&T Corporation Chairman and CEO Kelly King will highlight this annual tribute to the people, businesses and organizations that have helped build a more vibrant community and prosperous economy.
The Annual Celebration will feature an engaging, fast-paced presentation, including remarks by King and a salute to the 2011 College Summit Scholarship recipients and Leadership Kanawha Valley graduates, in the Maier Performance Hall. The formal program will followed by a spectacular reception in the stunning lobby of the Clay Center. A VIP invitation-only reception for event sponsors will kick off the evening’s festivities.
VIP Sponsor Reception (invitation only):
4:00-5:00 p.m.
Annual Celebration Formal Program:
5:00-6:15 p.m.
Gala Reception:
6:15-8:00 p.m.
Tickets are $150 Alliance members/$200 future members through May 6. Prices increase to $200 Alliance members/$250 future members after that date.
Sponsorships, which include an extensive package of recognition opportunities, also are available. For sponsorship information, contact JoEllen Zacks, jzacks@charlestonareaalliance.org.
“The Annual Celebration, the Alliance’s largest fundraiser of the year, is your opportunity to share in the pride for the Kanawha Valley and sustain the Alliance’s vital work in creating jobs, enhancing our community and investing in people,” said Alliance President/CEO Matt Ballard.
“We invite you to join the more than 500 business and community leaders who will attend for this business event of the year. With your participation, we will truly have something to ‘celebrate’ on May 25 – and beyond,” Ballard said.
We are unable to invoice for groups with fewer than 10 or issue refunds for cancellations received less than 48 hours prior to the event. Thank you.
BB&T Chairman to Headline Annual Celebration May 25
The head of one of the nation’s largest financial holding companies will share his insights on the nation’s economic meltdown and what lies ahead at the Charleston Area Alliance Annual Celebration, to be held Wednesday, May 25, at the Clay Center for the Arts & Sciences. Jackson Kelly is the event’s Title Sponsor.
A keynote address on “After the Crisis” by BB&T Corporation Chairman and CEO Kelly King will highlight this annual tribute to the people, businesses and organizations that have helped build a more vibrant community and prosperous economy.
The Annual Celebration will feature an engaging, fast-paced presentation, including remarks by King and a salute to the 2011 College Summit Scholarship recipients and Leadership Kanawha Valley graduates, in the Maier Performance Hall. The formal program will followed by a spectacular reception in the stunning lobby of the Clay Center. A VIP invitation-only reception for event sponsors will kick off the evening’s festivities.
VIP Sponsor Reception (invitation only):
4:00-5:00 p.m.
Annual Celebration Formal Program:
5:00-6:15 p.m.
Gala Reception:
6:15-8:00 p.m.
Tickets are $150 Alliance members/$200 future members through May 6. Prices increase to $200 Alliance members/$250 future members after that date.
Sponsorships, which include an extensive package of recognition opportunities, also are available. For sponsorship information, contact JoEllen Zacks, jzacks@charlestonareaalliance.org.
“The Annual Celebration, the Alliance’s largest fundraiser of the year, is your opportunity to share in the pride for the Kanawha Valley and sustain the Alliance’s vital work in creating jobs, enhancing our community and investing in people,” said Alliance President/CEO Matt Ballard.
“We invite you to join the more than 500 business and community leaders who will attend for this business event of the year. With your participation, we will truly have something to ‘celebrate’ on May 25 – and beyond,” Ballard said.
We are unable to invoice for groups with fewer than 10 or issue refunds for cancellations received less than 48 hours prior to the event. Thank you.