Peter Scanlon (businessman): Difference between revisions
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{{short description|American auditor and business executive}} |
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| ⚫ | '''Peter Redmond Scanlon''' (February 13, 1931 – December 3, 2009) was the [[chairman]] and [[chief executive officer]] of [[Coopers & Lybrand]], one of the [[Big Four auditors|Big Eight auditors]], from 1982 to 1991.<ref name="nyt">[ |
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{{About|the businessman|the taekwondo practitioner|Peter Scanlon (taekwondo)}} |
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| ⚫ | '''Peter Redmond Scanlon''' (February 13, 1931 – December 3, 2009) was the [[chairman]] and [[chief executive officer]] of [[Coopers & Lybrand]], one of the [[Big Four auditors|Big Eight auditors]], from 1982 to 1991.<ref name="nyt">[https://www.nytimes.com/2009/12/11/business/11scanlon.html?ref=obituaries Dennis Hevesi, "Peter R. Scanlon, Who Led Coopers When Big 8 Ruled Auditing, Is Dead at 78", ''The New York Times'', Dec. 10, 2009.]</ref> At a time when other accounting firms were merging, Scanlon kept Coopers & Lybrand independent and grew it through expansion rather than mergers.<ref name="nyt" /> |
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==Biography== |
==Biography== |
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Peter Redmond Scanlon was born on February 13, 1931 in [[the Bronx]], the son of Loretta Ryan and John Scanlon Jr., who owned an insurance company, but who died when Scanlon was only 9.<ref name="nyt" /> After high school, Scanlon attended [[Iona College (New York)|Iona College]], receiving a [[bachelor's degree]] in [[accounting]] in 1952.<ref name="nyt" /> |
Peter Redmond Scanlon was born on February 13, 1931, in [[the Bronx]], the son of Loretta Ryan and John Scanlon Jr., who owned an insurance company, but who died when Scanlon was only 9.<ref name="nyt" /> After high school, Scanlon attended [[Iona College (New York)|Iona College]], receiving a [[bachelor's degree]] in [[accounting]] in 1952.<ref name="nyt" /> |
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Upon graduation, Scanlon took a job at Lybrand, Ross Brothers & Montgomery (which would merge with Cooper Brothers & Co. in 1957 to form Coopers & Lybrand).<ref name="nyt" /> He served in the [[United States Navy]] during the [[Korean War]], returning to the firm when he had completed his four years of service.<ref name="dt">[http://www.acorn-online.com/joomla15/darientimes/news/obits/43658-peter-r-scanlon-78-father-of-darien-residents-was-ceo-navy-veteran.html "Peter R. Scanlon, 78, father of Darien residents was CEO, Navy veteran", ''Darien Times'', Dec. 8, 2009.]</ref> He was elected as a [[Partner (business rank)|partner]] in 1966, and then rose through the ranks throughout the 1970s, serving as managing partner of the New York office, managing partner for the New York region, and vice-chairman of domestic operations.<ref name="dt" /> |
Upon graduation, Scanlon took a job at Lybrand, Ross Brothers & Montgomery (which would later merge with Cooper Brothers & Co. in 1957 to form Coopers & Lybrand).<ref name="nyt" /> He served in the [[United States Navy]] during the [[Korean War]], returning to the firm when he had completed his four years of service.<ref name="dt">[http://www.acorn-online.com/joomla15/darientimes/news/obits/43658-peter-r-scanlon-78-father-of-darien-residents-was-ceo-navy-veteran.html "Peter R. Scanlon, 78, father of Darien residents was CEO, Navy veteran", ''Darien Times'', Dec. 8, 2009.]{{dead link|date=March 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> He was elected as a [[Partner (business rank)|partner]] in 1966, and then rose through the ranks throughout the 1970s, serving as managing partner of the [[New York (state)|New York]] office, managing partner for the New York region, and vice-chairman of domestic operations.<ref name="dt" /> |
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In 1982, Scanlon was elected as chairman and CEO of Coopers & Lybrand for the first of three terms.<ref name="dt" /> Scanlon was criticized in some quarters because of his refusal to participate in the "mergers mania" of the 1980s.<ref name="nyt" /> However, Coopers & Lybrand were able to take advantage of the mergers going on in the industry to attract international affiliates who had grown disaffected with their parent firms.<ref name="nyt" /> Scanlon's tenure as chairman and CEO was one of growth and profitability for Coopers & Lybrand.<ref name="nyt" /> Scanlon brought in several new clients, most notably [[SmithKline Beckman]] and [[Unilever]].<ref name="nyt" /> In 1991, his last year at the firm, Coopers & Lybrand earned $261 million in profits on $1.5 billion in revenue.<ref name="nyt" /> |
In 1982, Scanlon was elected as chairman and CEO of Coopers & Lybrand for the first of three terms.<ref name="dt" /> Scanlon was criticized in some quarters because of his refusal to participate in the "mergers mania" of the 1980s.<ref name="nyt" /> However, Coopers & Lybrand were able to take advantage of the mergers going on in the industry to attract international affiliates who had grown disaffected with their parent firms.<ref name="nyt" /> Scanlon's tenure as chairman and CEO was one of growth and profitability for Coopers & Lybrand.<ref name="nyt" /> Scanlon brought in several new clients, most notably [[SmithKline Beckman]] and [[Unilever]].<ref name="nyt" /> In 1991, his last year at the firm, Coopers & Lybrand earned $261 million in profits on $1.5 billion in revenue.<ref name="nyt" /> |
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Scanlon's involvement in the community included serving as a [[trustee]] for Iona College, [[The Economic Club of New York]], [[The Catholic University of America]], and the [[Gregorian University]].<ref name="dt" /> He also served on the visiting committees of the [[MIT Sloan School of Management]] and [[The Conference Board]].<ref name="dt" /> He was a [[Knight of Malta]] and a [[Knight of the Holy Sepulchre]].<ref name="dt" /> He received several honors from his alma mater, Iona College, including an [[Honorary degree|honorary]] [[LL.D.]]<ref name="dt" /> |
Scanlon's involvement in the community included serving as a [[trustee]] for Iona College, [[The Economic Club of New York]], [[The Catholic University of America]], and the [[Gregorian University]].<ref name="dt" /> He also served on the visiting committees of the [[MIT Sloan School of Management]] and [[The Conference Board]].<ref name="dt" /> He was a [[Sovereign Military Order of Malta|Knight of Malta]] and a [[Knight of the Holy Sepulchre]].<ref name="dt" /> He received several honors from his alma mater, Iona College, including an [[Honorary degree|honorary]] [[LL.D.]]<ref name="dt" /> |
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In 1991, Scanlon retired and settled in [[Florida]].<ref name="dt" /> He died of [[cancer]] on December 3, 2009 in [[Jupiter, Florida]].<ref name="nyt" /> |
In 1991, Scanlon retired and settled in [[Florida]].<ref name="dt" /> He died of [[cancer]] on December 3, 2009, in [[Jupiter, Florida]].<ref name="nyt" /> |
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==References== |
==References== |
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<references/> |
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{{DEFAULTSORT:Scanlon, Peter}} |
{{DEFAULTSORT:Scanlon, Peter R.}} |
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[[Category:1931 births]] |
[[Category:1931 births]] |
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[[Category:2009 deaths]] |
[[Category:2009 deaths]] |
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[[Category:Iona |
[[Category:Iona University alumni]] |
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[[Category:American accountants]] |
[[Category:American accountants]] |
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[[Category:American chief executives]] |
[[Category:American chief executives of financial services companies]] |
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[[Category:Catholic University of America trustees]] |
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[[Category:Members of the Order of the Holy Sepulchre]] |
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[[Category:Knights of Malta]] |
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Latest revision as of 05:02, 25 October 2024
Peter Redmond Scanlon (February 13, 1931 – December 3, 2009) was the chairman and chief executive officer of Coopers & Lybrand, one of the Big Eight auditors, from 1982 to 1991.[1] At a time when other accounting firms were merging, Scanlon kept Coopers & Lybrand independent and grew it through expansion rather than mergers.[1]
Biography
[edit]Peter Redmond Scanlon was born on February 13, 1931, in the Bronx, the son of Loretta Ryan and John Scanlon Jr., who owned an insurance company, but who died when Scanlon was only 9.[1] After high school, Scanlon attended Iona College, receiving a bachelor's degree in accounting in 1952.[1]
Upon graduation, Scanlon took a job at Lybrand, Ross Brothers & Montgomery (which would later merge with Cooper Brothers & Co. in 1957 to form Coopers & Lybrand).[1] He served in the United States Navy during the Korean War, returning to the firm when he had completed his four years of service.[2] He was elected as a partner in 1966, and then rose through the ranks throughout the 1970s, serving as managing partner of the New York office, managing partner for the New York region, and vice-chairman of domestic operations.[2]
In 1982, Scanlon was elected as chairman and CEO of Coopers & Lybrand for the first of three terms.[2] Scanlon was criticized in some quarters because of his refusal to participate in the "mergers mania" of the 1980s.[1] However, Coopers & Lybrand were able to take advantage of the mergers going on in the industry to attract international affiliates who had grown disaffected with their parent firms.[1] Scanlon's tenure as chairman and CEO was one of growth and profitability for Coopers & Lybrand.[1] Scanlon brought in several new clients, most notably SmithKline Beckman and Unilever.[1] In 1991, his last year at the firm, Coopers & Lybrand earned $261 million in profits on $1.5 billion in revenue.[1]
Scanlon's involvement in the community included serving as a trustee for Iona College, The Economic Club of New York, The Catholic University of America, and the Gregorian University.[2] He also served on the visiting committees of the MIT Sloan School of Management and The Conference Board.[2] He was a Knight of Malta and a Knight of the Holy Sepulchre.[2] He received several honors from his alma mater, Iona College, including an honorary LL.D.[2]
In 1991, Scanlon retired and settled in Florida.[2] He died of cancer on December 3, 2009, in Jupiter, Florida.[1]