If there was no Newt Becker, I probably wouldn't be a CPA (inactive) and neither […]
Tag: Obits
One of the Guys That Wrote the Mother of All Corporate Tax Textbooks Has Died
[caption id="attachment_29325" align="alignright" width="260" caption="Some interesting interpretations have occurred here."]
[/caption]
[/caption]
James Eustice, who co-authored Federal Income Taxation of Corporations and Shareholders with Boris Bittker, died yesterday at 77. He was a Gerald L. Wallace Professor of Taxation Emeritus at NYU and counsel at Cooley LLP.
This epic book is more appropriately referred to as a “treatise” but it probably served as your primary source of information for your corporate tax classes.
For anyone not familiar with B&E, it’s quite the impressive piece of work and would be an excellent weapon of choice in a tax nerd duel. I personally never assaulted anyone with my copy but it did come in handy when I had trouble sleeping in grad school.
Anyone else with fond memories of B&E are invited to share them.
Death of Jim Eustice [TaxProf Blog]
That Duke Snider Autograph May Have a Tax Story Behind It
Snider returned to Brooklyn on a sad note on July 20, 1995, when he appeared in federal court, a couple of miles from where Ebbets Field once stood, as a criminal defendant. Snider and another Hall of Famer, the former Giants first baseman Willie McCovey, pleaded guilty to tax fraud for failing to report thousands of dollars earned by signing autographs and participating in sports memorabilia shows. “We have choices to make in our lives,” Snider said. “I made the wrong choice.” [NYT]
Former KPMG Chairman Walter Hanson Passes Away
Walt was elected chairman of Peat Marwick at 39 and served in that role until he retired in 1980.
We weren’t aware of this but the firm actually has a “Walter E. Hanson Award” that recognizes “a KPMG partner for delivering exemplary client service, providing visionary leadership and displaying the highest standards of integrity.”
So while Walt’s name isn’t in the lobby (and thus, no Warhol treatment) this award sounds pretty good. The firm’s press release is after the jump.
WALTER E. HANSON, FORMER KPMG CHAIRMAN, DIES AT 84
First Chairman of Peat Marwick InternationalNEW YORK, Oct. 28 – Walter Edward Hanson, former Chairman of KPMG, died after a long illness at his home in Newport Beach, Calif., his family has disclosed. He was 84.
During a career at KPMG that spanned more than 23 years, Mr. Hanson, who died Sept. 24, was widely regarded and admired for his business insight and determination by both his colleagues and clients. He became the first Chairman of Peat Marwick International in 1978.
Mr. Hanson joined KPMG in 1957 as a partner in charge of its transportation practice, later as partner in charge of the New York office, and was elected Chairman of the U.S. firm at the age of 39, serving in that role from 1965 until his retirement in 1980.
He was born on Oct. 17, 1925, in Adelphia, N.J. After serving with the U.S. Naval Air Corps, he graduated from Lafayette College in 1949. He became a certified public accountant and joined the Minneapolis & St. Louis Railway Co., where he rose to the position of Vice President and Comptroller.
Numerous academic and civic honors were conferred upon Mr. Hanson. He served as a member of the Board of Trustees at Lafayette College for 18 years, nine of those as Chairman. In 1984, the firm established the Walter E. Hanson/KPMG Peat Marwick Professorship of Business and Finance endowed chair at Lafayette. In June 1977, he received an honorary Doctor of Laws degree from Lafayette. In 1979, the Citizens Union of New York City presented him their Distinguished Service Award.
Mr. Hanson served for 15 years as a member of the Board of Governors of the United Nations Association of the USA. He was a member of the Advisory Council of both the Harvard Business School and the Stanford University Graduate School of Business. He also served as a member of the Board of Visitors of the Graduate School of Management-UCLA and Duke University Business School.
Following his retirement in 1980 from KPMG, he served as a member of the Boards of Directors of many companies, including CIGNA Corp, Fidelity Investments, Chesebrough-Ponds, and Insurance Company of North America. Mr. Hanson was founding Chairman of the Maritime Center in Norwalk, Conn. In 1983, Mr. Hanson was awarded the Gold Medal of the American Institute of Certified Public Accountants, the profession’s highest honor.
Commemorating Walter Hanson’s contributions, KPMG created the Walter E. Hanson Award in 2003 to recognize and honor a KPMG partner for delivering exemplary client service, providing visionary leadership and displaying the highest standards of integrity.
Mr. Hanson was one of America’s top sailboat racers. He raced for many years on Long Island Sound and along the East Coast. He twice won the Marblehead-Halifax Race and was the Northern Ocean Racing Circuit winner. In addition, he was a member of the New York Yacht Club and served for many years on its Board of Trustees.
Mr. Hanson is survived by his wife, Elizabeth, children Katharine (Greg Hurray), Elizabeth (Edward) Lawlor, and Barbara (Samuel) Maropis; grandchildren Jeffrey Hurray and Matthew, Abigail, and Casey Lawlor; a sister, Emma Freeman and brother, Irwin.
In lieu of flowers, donations can be made to the Alzheimer’s Association and/or Lafayette College.
About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.us.kpmg.com), is the U.S. member firm of KPMG International Cooperative (“KPMG International.”) KPMG International’s member firms have 140,000 professionals, including more than 7,900 partners, in 146 countries.