Stuart A. and Harriet J. Gollin, et al. - Page 13

                                       - 13 -- 13 -                                        
          the general partner has no prior experience in marketing                    
          recycling or similar equipment; (4) the limited partners have no            
          control over the conduct of the Partnerships' business; (5) there           
          is no established market for the Sentinel EPE recyclers; (6)                
          there are no assurances that market prices for virgin resin will            
          remain at their current costs per pound or that the recycled                
          pellets will be as marketable as virgin pellets; and (7) certain            
          potential conflicts of interest exist.                                      
          C.  Stuart Becker and Steven Leicht                                         
               Becker does not have an engineering background, and he is              
          not an expert in plastics materials or plastics recycling.  He              
          received a B.S. degree in accounting from New York University in            
          1964 and an M.B.A. in taxation from New York University School of           
          Business Administration in 1973.  He passed the certified public            
          accountancy test in 1967 and was the winner of the gold medal,              
          awarded for achieving the highest score on the examination for              
          that year.  Since early 1966, Becker has practiced as a C.P.A.              
          exclusively in the tax area.  From 1964 until 1972 he worked for            
          the accounting firm of Touche, Ross & Co., and in 1972 he joined            
          the accounting firm of Richard A. Eisner & Co. as the partner in            
          charge of the tax department.  In 1977, Becker founded Becker Co.           
               Becker had considerable experience involving tax shelter               
          transactions before he organized the SAB Recycling Partnerships.            
          He prepared opinions regarding tax shelters' economic and tax               






Page:  Previous  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  Next

Last modified: May 25, 2011