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Click here or scroll down to respond to this candidateLetter of Walter D. Rogers for Princeton UniversityMy career started in business journalism as a reporter with Forbes Magazine. I wrote the regular mutual fund column and an economic essay. I interviewed prominent business leaders and academics like Milton Friedman. Malcolm Forbes praised me in his regular column when San Francisco Mayor Alioto wrote him thanking him for my efforts on behalf of his city in securing federal riot recovery funds which had become stalled. This grew out of my association with Charles Zwick, the US Budget Director, whom I met when I researched the debt ceiling for my regular column. The genesis of Mayor Aliotos letter was in my previous investment research trip to San Francisco, where the mayors administrative assistant had told me of the crisis in Hunters Point that required emergency community workers to calm rioters. I excused myself from the meeting and called Zwick. As a result, Zwick who would become the CEO of Southeast Banking Corporation, managed to get federal funds dispersed to the City. I had done this without mentioning it to my editors at Forbes, and so when Malcolm came into my office in New York with Mayor Aliotos thank you letter a couple of months after the incident, I was surprised. Malcolm, who had himself once run for the New Jersey governorship, instead ran my picture and wrote proudly about me in his next Letter from the Publisher column.After Forbes, I returned to school at The Harvard Business School. After graduation, my next significant assignment was as an analyst with a large San Francisco-based mutual fund company where I specialized in bank analysis. Upon my marriage a few years later, I relocated to Washington, D.C., where I became a Senior Supervisory Financial Analyst in the Division of Banking Supervision and Regulation of The Federal Reserve Board and where my rating was Excellent.At the Fed I carried the functional title of Team Leader in the design and delivery of the Fed&#Street Address ;s automated analysis reports for banks and bank holding companies. Upon completion of this project, the Fed called it one of its most significant supervisory achievements in its annual report to Congress. I was also solely responsible for the forensic accounting research that uncovered a scam to move multi-millions of dollars from banks to bank holding company parents using deferred tax transfers. My work led to the Boards Statement of Policy for Deferred Tax Transfers. I also wrote a monthly memo to the Board on bank stock prices and the reasons for significant declines in individual banking stocks. Soon after the Fed, I became senior financial analyst at the Comptroller of the Currency, where I valued minority interests in contested mergers, wrote regular articles for the agency's Quarterly Journal and a research paper, published by The Group of Thirty on the structure of the international market for syndicated loans.Also, while working at the Comptroller of the Currency, I started teaching in the evenings at area universities as an adjunct faculty member. I taught accounting, auditing and financial structure at the University of Maryland, Catholic University and Georgetown University.When I was offered a job as a portfolio manager with Continental Insurance Company, I moved to the Princeton, New Jersey area, where I produced a track record managing the equity portion of the companys pension fund.Merrill Lynch, located in Plainsboro, NJ, had hired me on the basis of my track record to run its new mutual fund, The Strategic Dividend Fund, which as its name implied, would invest in banks, utilities and energy stocks among other higher-yielding securities. I would stay with Merrill Lynch for thirteen years, starting a couple more mutual funds which obtained Four Stars from Morningstar, and in the case of The Strategic Dividend Fund, received the endorsement of Standard & Poors when this fund produced a ten-year, risk-adjusted total return S&P calculated to be in the top decile of all large cap value funds. I also started and managed The Merrill Lynch Global Utility Fund. This latter fund participated in the wave of global utility privatizations through the following decade and avoided the sharp decline in telecommunications stocks during the collapse of the internet bubble because of the conservative strategy I employed. Originally, Merrill wanted to offer a domestic-only utility fund, but I convinced top management to offer a global fund that could diversify its performance across several interest-rate cyc cycles instead of one. This thesis proved itself when The Merrill Lynch Global Utility Fund became the sectors top performing utility fund when U.S. interest rates rose, a rank it held for almost one year.When I left Merrill Lynch after fourteen years, my performance bonus was three times my base salary.I now continue to reside in Plainsboro, New Jersey, where I have owned a home for over thirty years and in Center City Philadelphia, where I own a condo in The Rittenhouse Hotel (my voting address). I am a CPA with an active license and a member of the Pennsylvania Institute of CPAs, where over the last several years I have taken over one thousand hours of professional-level accounting, auditing and tax courses, known as professional continuing education. My active CPA license is number 7757 with the Maryland State Board of Public Accountancy in Baltimore.Walter D. RogersJanuary 29, 2024E-mail: EMAIL AVAILABLEVerizon Wireless: PHONE NUMBER AVAILABLE/pre> |
