RICHARD R. SYLVESTER, J.D., Ph.D

Transcription

1 Fulcrum Financial Inquiry LLP 888 S. Figueroa Street, Suite 2000 Los Angeles, CA (213) RICHARD R. SYLVESTER, J.D., Ph.D SUMMARY Dr. Sylvester has over thirty years of top-level professional experience. He is a mathematical economist with specialization in valuation of business firms. This includes corporations, partnerships, joint ventures, and LLCs, with emphasis on the market value of underlying assets and liabilities including real property, personal property, intangible assets, Section 482 related party transactions, derivatives, partial interests, partnership investments, and contingent liabilities. He is skilled in the use of quantitative methods for assessment of risk, such as block discounts for large portfolios of securities, using stochastic calculus, statistical inference, and mathematical models. As an expert witness he is qualified to testify on complex issues in economics, finance, valuation, economic damages, business value, and related issues. For over two decades, he has taught economics, business law, quantitative methods, and management at five Southern California universities. EMPLOYMENT Sylvester Consulting Group 1970 present Innovation of new products, new marketing strategy, and new financial restructuring for high-technology firms. New product development included personal in-depth research and project supervision of scientists and engineers for new product development based on a wide range of scientific disciplines, including power electronics, tar-sands petroleum extraction, hybrid-electric vehicles, nanotechnology, and mass spectrometry approaches for design of new enzymes. Responsible for complete turnaround of entire firms, including projection of future revenue by product line, cost reduction strategy, new product research, international operations, and complete restructuring of information systems hardware and software. Designed detailed computer models for future financial results, including decision models, tax minimization models, expert systems, economic analysis, and market research. Assignments included technical presentations to investment bankers, major law firms, executives for major international corporations, and the U.S. Federal Government. Planning, selection, and completion of major acquisitions. Corporate turnaround analysis and valuation of high-technology assets for major firms. Northrop Corporation, B-2 Division Executive advisor, specializing in quantitative analysis of critical issues: Staff support for the general manager: Presentations for Defense Science Board and Richard Sylvester - Page 1

2 Senators. Technology development: review of R&D allocation, analysis and correction of design problems. Operations analysis: Detailed analysis of issues for Congressional visits, including systems technology, security, encryption, productivity, and cost control. Information and computer systems: innovation of strategic plan for new equipment and software, including purchase of Cray X-MP, desktop computers, and robotics. General Dynamics Innovation of new project development. Provided technical presentations to the Joint Chiefs of Staff, Navy, Army, DDR&E, CBO and the Council of Economic Advisors. TRW Systems Group Innovation and analysis of new commercial programs, such as credit data, and allocation of research funds for new projects, based on technical risk, market demand, and probable yield. Hughes Aircraft Corporation Project innovation with financial and market projections for new high technology applications, typically under the personal project direction of Howard R. Hughes, including lasers, cable TV, VCR, bar-code checkout systems, and hybrid-electric vehicles. Lockheed Aircraft Corporation EDUCATION Innovation and detailed projections of directions for the national space program, including moon and Mars lander missions. Innovation of new high technology products, including hydrogen-fueled hypersonic vehicles and long-range cruise missiles. Presentations of results to top management and to federal government executives. Loyola Law School, Los Angeles, J.D Selected studies in federal tax law and securities law University of California, Los Angeles, School of Engineering and Applied Science, Postdoctoral Scholar in Engineering, Selected studies in power electronics, systems engineering, and quantitative methods. University of California, Los Angeles, Anderson Graduate School of Management, Ph.D, Passed qualifying examinations in four fields: Economics, Management, Marketing, and Behavioral Science. University of Southern California, Marshall School of Business, M.B.A., Selected studies in management, economics, and finance. University of California, Los Angeles, College of Letters and Science, B.A Selected studies in physics, chemistry, and applied mathematics. Major in behavioral sciences/psychology with emphasis on experimental methods and statistical inference. Richard Sylvester - Page 2

3 PROFESSIONAL CERTIFICATIONS AND ACHIEVEMENTS Community College Instructor Credential, California Featured guest speaker, ABC Prime Time Network Television, on defense industry economics, 1991 Guest Speaker, National Economics Conference, Virginia, sharing the podium with former President Ford, Merit fellowship, U.S. Federal Government, Merit grant, Ford Foundation, Merit grant, Regents of the University of California, Beta Gamma Sigma, academic honor society, 1967 Alpha Kappa Psi, business society, 1961 Merit scholarships, General Motors Corporation, placed number three in the nation, Merit scholarship, Rollscreen Corporation, 1955 PUBLICATIONS Mathematical Methods for Valuation of Large Portfolios of Mortgage Securities. Los Angeles: Ph.D. Publishing Company, 2011 (in press). National Energy Strategy: Issues, Options, and Research Directions. Los Angeles: Ph.D. Publishing Company, 2011 (in press). Valuation of Partial Interests. Los Angeles: Ph.D. Publishing Company, Calculus for Executive Decisions. Second Edition. Los Angeles: Ph.D. Publishing Company, Quantitative Methods for Executive Decisions: Principles and Critical Issues. Los Angeles: Ph.D. Publishing Company, International Management: Concepts, Issues and Strategy. Los Angeles: Ph.D. Publishing Company, International Transfer Pricing. Second edition. Los Angeles: Ph.D. Publishing Company, Future Challenge: Critical Issues for the Next Decade: The Economic Environment, Financial Strategy, and Tax Planning. Los Angeles: Ph.D. Publishing Company, Strategic Planning: Tax Minimization and Investment Strategy. Sixth Edition. Los Angeles: Ph.D. Publishing Company, Management Decisions and Actions: Critical Issues and Corporate Strategy. Third edition. Los Angeles: Ph.D. Publishing Company, Richard Sylvester - Page 3

4 Management Strategy: The Effect of Management Techniques on Commercial Diversification Project Success. Second edition. Ph. D. Publishing Company, Investment Strategy: The Economic Environment, Financial Strategy and Investment Actions. Los Angeles; Ph.D. Publishing Company, Tax Planning: Strategy, Tactics, Decisions and Actions. Fourth Edition. Los Angeles: Ph.D. Publishing Company, Software Mathematical Models for Executive Decisions. CD with financial mathematical models such as Black- Scholes and stochastic calculus. Los Angeles: Ph.D. Publishing Company, 2002 Mathematical Methods for Economics and Law. CD with models for corporate securities value, tax minimization, and international transfer pricing. Los Angeles: Ph.D. Publishing Company, Quantitative Decisions for Economics and Law. CD with models for economic analyses and legal issues. Los Angeles: Ph.D. Publishing Company, Financial Planning, computer software. Los Angeles: Ph.D. Publishing Company, Tax Planning, computer software. Los Angeles: Ph.D. Publishing Company Economic Projections, 1991 to 2015, computer software. Los Angeles: Ph.D. Publishing Company Audio CDs and Audio Tapes Executive Decisions for the Millennium: The Economic Environment, Objectives, and Strategy. Los Angeles: Ph.D. Publishing Company, Investment Strategy for the Next Decade and Tax Strategy. Los Angeles: Ph.D. Publishing Company, Strategic Planning. Los Angeles: Ph.D. Publishing Company, Tax Strategy, Los Angeles: Ph.D. Publishing Company, Investment Economics. Los Angeles: Ph.D. Publishing Company, Critical Issues in Planning. A series of speeches on valuation, economics and federal tax law. Los Angeles: Ph.D. Publishing Company, Economic Issues. Syndicated nationwide radio talks. Multiple-station broadcast on specific issues on national economic issues, investment, federal tax law, and valuation, Articles The Magic of Partial Interest Discounts, Valuation Economics, Vol. 18, No. 3, Jan, The U.S. Federal Budget: Constraints, Requirements, and Goals, Investment Economics, Mar. 1, 1981, pp Richard Sylvester - Page 4

5 The U.S. Defense Problem, Investment Economics, Nov. 1, 1980, p Implications of the Wellenkamp Decision, Investment Economics, April 1, 1980, pp International Marketing, World Media & Markets, Feb., 1961, pp EXPERT WITNESS TESTIMONY Mr. Sylvester is qualified to appear as an expert witness in U.S. District Court, U.S. Court of Federal Claims, U.S. Bankruptcy Court, and California Superior Court and has appeared as an expert witness in the following cases among others: Federal District Court Los Angeles. Expert witness testimony on the economic impact on competition under antitrust statutes, regarding an acquisition of United Foam, a foam plastics corporation. Las Vegas. Market value of Argent Corporation, including the Stardust and Freemont Hotels. U.S. Bankruptcy Court Central District, Los Angeles. Market value of office buildings in Santa Monica and Sherman Oaks, California. U.S. Court of Federal Claims Chicago, Illinois. Economic feasibility of solar power equipment and related investment transactions. California Superior Court Los Angeles County, Northeast District. Fiduciary obligation of directors to minority shareholders, company value, corporate governance, and executive compensation. Leo Hoffman Chevrolet, Inc. Los Angeles County, Central District. Economic damages due to wrongful termination. Los Angeles County, Central District. Market value of office building in Beverly Hills area. Los Angeles County, Northwest District, Van Nuys. Market value of Starwood Corporation, a land development firm with six limited partnerships. Riverside County, Riverside. Economic damages to C. A. Hackethal Medical Corporation. Riverside County, Riverside. Business firm equity value. California Motor Vehicle Control Board Sacramento, California. Hal Watkins vs. BMW. Economic impact on Hal Watkins BMW due to establishment of a new dealership in the area of responsibility. Richard Sylvester - Page 5