Peter Scanlon (businessman)

Peter Redmond Scanlon (February 13, 1931 – December 3, 2009) was 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

Peter Redmond Scanlon was born on February 13, 1931, in

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.

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

LL.D.^[2]

In 1991, Scanlon retired and settled in Florida.^[2] He died of cancer on December 3, 2009, in Jupiter, Florida.^[1]

References

[nyt-1] ^ ^a ^b ^c ^d ^e ^f ^g ^h ⁱ ^j ^k Dennis Hevesi, "Peter R. Scanlon, Who Led Coopers When Big 8 Ruled Auditing, Is Dead at 78", The New York Times, Dec. 10, 2009.

[dt-2] ^ ^a ^b ^c ^d ^e ^f ^g ^h "Peter R. Scanlon, 78, father of Darien residents was CEO, Navy veteran", Darien Times, Dec. 8, 2009.^{[permanent dead link]}

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