Stephen C. Gerard, ME’67
New York, NY
Retired CPA, President of Caesar Experimental, LLC
After two years as a design engineer at Du Pont (earning an Marketing MBA from Rutgers) and two years as an Internal Auditor with Citibank (earning a accounting/finance MBA from NYU), I passed the NYS CPA exam and spent over 30 years with C&L (subsequently merged into PWC). There I determined the fair value of intangible assets & businesses for tax & financial reporting purposes (in connection with accounting for M&A), retiring as a Partner in 2004. Post-retirement, I was a part-time ‘Senior Technical Advisor-Valuation’ for the FASB (the organization that promulgates ‘Generally Accepted Accounting Principles’ in the US) and finally I was a part-time Consultant to PWC.
Today, I am Pres. of CaesarEx, formed by my older brother and me in early 2013. We are developing a compressed-air-driven turbine generator; a device (invented by my brother) for which we received a US patent in 2013. If we succeed, we will radically increase global use of renewable energy sources by enabling grid-scale Compressed Air Energy Storage & Recovery (“CAES”).
I have a good understanding of financial and accounting matters. I helped found: (1) the Greenwich Village Little League in 1984, (Treas. for almost 15 years); (2) the Greenwich Village Soccer Club in 1988 (Pres. for two years); and, (3) the Manhattan RBI League for 16 to 18 year olds in 1997. In 1987, as President of the Ad Hoc Tenants’ Committee, I successfully negotiated the conversion of our building to a ‘Condop’ and served on and off as its Treasurer for over 18 years. I am still on the Board.
I have resided just 3 blocks from Cooper Union since marrying my lovely wife, Jane, in 1973 where we raised our two sons; one now a lawyer and the other an entrepreneur.
Without its full tuition scholarship, I could not have afforded the quality education that I received from CU. I learned how to think and how to effectively approach problem solving, both of which have been invaluable throughout my entire professional career. Also, “Cooper Union” on my resume opened doors that might not have been otherwise opened to me. Over the years, I have been happy to contribute to CU’s general fund to help other worthy young people as I was helped. I was deeply disturbed by the Board’s decision to charge tuition. I supported the Committee to Save CU, I am happy that the lawsuit was settled and I would like to help CU eliminate tuition by restoring its financial health. It won’t be easy.
Three Bullet Points About You:
- Retired CPA who resides 3 blocks from Cooper Union
- Many years of experience as volunteer Treasurer of a number of not-for-profit organizations
- Deeply committed to helping Cooper Union restore its financial health so that it historical tuition-free policy can be resumed