George Pugh
President, George Pugh & Co
Member of the Accounting Council
Council Member Biography
George Pugh is the President of George Pugh & Co, a NJ-based consulting firm. He has over twenty-five years of consulting experience in the public utility industry. He is a Certified Public Accountant, has an MA from The Paul H. Nitze School of Advanced International Studies (SAIS) of The Johns Hopkins University, and an MBA from Rutgers University.
Prior to that, Mr. Pugh was a Naval Intelligence Officer, brokerage auditor at PricewaterhouseCoopers, and lending officer at HSBC and NatWest. He consulted for Stern Stewart on the Finanseer modeler, mapping financial data into the firm’s proprietary Economic Value Added framework and wrote algorithms to provide the program with optimization and goal-seeking capability. He used this program to support The Deerpath Group’s $1.1 billion debt placement for the Midland Cogen Venture (MCV Project).
Mr. Pugh has consulted with JPMorgan, Morgan Stanley, Putnam Investment, Scudder, CFSB, UBS, Goldman and Alliance Capital providing both analytic support and GAAP analysis. He used neural networks and discriminant analysis to forecast changes in credit risk, and ratings and current projects emphasize industry-wide, cross-company analysis.
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Employment History
- 1983 - present
- President, George Pugh & Co
- 1980 - 1982
- Assistant Vice President, NatWest USA
GLG NewsSM Analyses by George Pugh(?)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
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Paying Banker Bonuses: Good Business?
February 3, 2009
George Pugh, President, George Pugh & Co
'Idiots' Indeed | online.wsj.com
In the Wall Street Journal opinion, paying off the $18 billion in bonus pool is just good sense. The only real problem was that some bankers exercised poor timing. “John Thain's year-end bonuses to Merrill Lynch executives, whatever their rationale, reflected an acute case of political tin ear.”...
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Wal-Mart Banking on the Unbanked
June 28, 2007
George Pugh, President, George Pugh & Co
At Wal-Mart, a Back Door Into Banking | www.nytimes.com
Jane J. Thompson, called prepaid cards and money center services “foundational products” and ““Our concept is to go up the credit ladder of financial services,” The new products, like the prepaid debit card, will be offered through third-party partners, allowing Wal-Mart to...
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Fair Value Is Not a Just or Proper Price
June 20, 2007
George Pugh, President, George Pugh & Co
PCAOB ponders how to audit fair value | www.cfo.com
PCAOB’s chairman Mark Olson has said of SFAS No.159: "The increased use of fair value accounting poses a challenge for auditors and the PCAOB." Time is short as this SFAS goes into effect for most companies for financial years beginning after November 15, 2007, except for early adopters.The...
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In Fraud, Many Hands Make Light Work
June 18, 2007
George Pugh, President, George Pugh & Co
Financial-Statement Fraud not a Solo Job, According to Study of Pre-Sox Years | www.acfe.com
This article is based on “Control Overrides in Financial Statement Fraud” by Robert Tillman and Michael Indergaard of St. John’s University, available at http://www.theifp.org/research%20grants/tillman_final_report.pdf The study examines 834 companies that filed financial restatements between 1997and...
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