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BB&T Event Promotes Capitalism

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Apr 20, 2016

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Ed SniderPhiladelphia Flyers founder and Comcast-Spectacor chairman Ed Snider ’55 shared the foundational values for his business at the BB&T Colloquium on Capitalism, Ethics, and Leadership on Sept. 29, 2015.

During the event, Snider spoke about his journey as an entrepreneur and the philosophy that has guided his career. Rajshree Agarwal, director of the Ed Snider Center for Enterprise and Markets, moderated the discussion.

Daniel G. Waetjen, regional president of Greater Washington, D.C., represented BB&T at the event, made possible by a $1.5 million BB&T gift to the school in 2010. 

Snider started his career as an accountant making an annual salary of $5,000. On his first and only assignment, he cleaned up the books for a gasoline station owner who made $25,000 per year. “That’s when I realized I could not be an accountant,” Snider said. “I would rather own the gas station.”

Snider said politicians and media commentators often portray capitalists as villains, which is wrong. “They should be held in high esteem,” he said. “I’m hoping a center like ours will show young people and other interested parties how wonderful business is.” /DJ/