- Edward Regan
Edward V. "Ned" Regan is an American lawyer, university professor, politician and college president.
Ned Regan is a Professor at Baruch College in the City University of New York (CUNY) and teaches at the University Honors College on the civic and economic issues affecting New York City. He is also a consultant to the chairman of the Financial Accounting Standards Board (FASB) working on a project with the International Accounting Standards Board (IASB) to create a global set of high-quality financial reporting standards. He is active in many civic organizations such as the Council on Foreign Relations, the Committee for Economic Development and the New York Economic Club.Mr. Regan, a lawyer, was president of Baruch College, served as The New York State Comptroller (the state’s chief auditor and accounting standard setter) for over 15 years, was chairman of the NYC Municipal Assistance Corporation (MAC) and president of the Levy Economic Institute of Bard College. He has taught at several universities and served on numerous for-profit and nonprofit boards and their audit committees.
Life
Regan graduated in the Hobart Class of 1952 at
Hobart and William Smith Colleges andcum laude fromUniversity at Buffalo Law School in 1964.In 1970, he was defeated by the incumbent Comptroller
Arthur Levitt, Sr. , but was electedNew York State Comptroller in 1978, and re-elected in 1982, 1986 and 1990. He remained in office untilMay 7 ,1993 when he resigned. He was succeeded byCarl McCall who was elected by theNew York State Legislature to fill the unexpired term.Prior to becoming Comptroller, Regan served as County Executive of Erie County. He also served as a councilman in Buffalo.
Regan was investigated by law enforcement officials after the disclosure of a memo written by members of his staff, one of which pointedly said, "Those who give will get." Regan denied any impropriety.
Regan occasionally talked of running for governor, but never did so. Regan was Chairman of the Municipal Assistance Corporation for New York City in the 1990s. The corporation was set up in the 1970s to assist with the financial recovery of New York City following the city's fiscal crisis and near bankruptcy.
In the early 1990s, he served as a member of the US
Competitiveness Policy Council and ably led its efforts on Corporation Governance.After leaving the comptroller's office, Regan served as a board member of numerous business and nonprofit organizations. He was President of
Baruch College in New York from 2000 to 2004. After retiring from the Baruch presidency, Regan became a professor in the graduate center of theCity University of New York . He served as a Trustee of the Financial Accounting Foundation and is a consultant to the Chairman of the Financial Accountin Standards Board (FASB) on matters of the convergence of GAAP with international accounting standards.For several months in 2005 and 2006, he was the first Chairman of the Erie County Fiscal Stability Authority, which was set up by the state in to oversee the county's finances and make recommendations to the county government on financial affairs. The authority, considered a "soft" control board, was created in response to the Erie County fiscal crisis of 2005.
In January 2007, he served on the search committee for a new State Comptroller, following the resignation of Comptroller
Alan Hevesi . The other search committee members were former State ComptrollerCarl McCall and former New York City ComptrollerHarrison J. Goldin . The committee recommended New York City Finance CommissionerMartha Stark , Nassau County ComptrollerHoward Weizman and businessmanWilliam Mulrow to the State Legislature for consideration, but the Legislature electedThomas DiNapoli who had been considered inept for the post by the committee.ources
* [http://query.nytimes.com/gst/fullpage.html?res=950DE6DA1F3AF93AA35750C0A96F948260&sec=&spon=&pagewanted=1] The campaign finance controversy, in NYT on March 9, 1989
* [http://media.www.theticker.org/media/storage/paper909/news/2004/02/02/News/Baruch.President.Ned.Regan.To.Step.Down.In.Fall.2005-1780061.shtml] His resignation from Baruch, in The Ticker on February 2, 2004
* [http://query.nytimes.com/gst/fullpage.html?res=9F0CE1D6173DF93AA25751C0A965958260] His resignation announced, in NYT on February 19, 1993
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