- 4 -
A. Petitioner’s Background and Employment History
Petitioner is a certified public accountant with an
extensive educational background. He holds bachelor’s and
master’s degrees in accounting. Petitioner also earned graduate
credits toward, but did not complete, a Ph.D. degree in
economics.
Petitioner began to work as a financial statement auditor
for the accounting firm of Lybrand, Ross Brothers, Montgomery3 in
1966. Petitioner became a partner in the firm; he had that
status during the period 1988-1991.
In August of 1991, the National Corporation for Housing
Partnerships (hereinafter sometimes referred to as NHP) offered
to petitioner the positions of executive vice president and chief
financial officer. In 1991, NHP was engaged in the business of
building and developing subsidized housing in the United States.
As part of its inducement to petitioner, NHP offered to him the
right to participate in its stock option program, pursuant to
which petitioner initially could receive up to 3,000 shares of
NHP common stock.
Petitioner accepted NHP’s offer and left the accounting
firm. At some point, petitioner also became treasurer of NHP.
3Through various transactions, the accounting firm of
Lybrand, Ross Brothers, Montgomery has since become part of the
accounting firm of PricewaterhouseCoopers.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011