Academic journal article Journal of Accountancy

Remembering Leonard M. Savoie (1923-1991)

Academic journal article Journal of Accountancy

Remembering Leonard M. Savoie (1923-1991)

Article excerpt

Leonard M. Savoie, executive vice-president of the American Institute of CPAs from 1967 to 1972, died in January 1991. He was a man who carved a unique niche in accounting as a practitioner, a professional and a professor.

Savoie was the first CPA to serve full-time as a chief staff officer of the AICPA. In 1974, the office was retitled AICPA president. During his term, Savoie was the primary spokesman for the AICPA and was responsible for coordinating all Institute technical activities. In the Rise of the Accounting Profession, John L. Carey said Savoie's background resulted in improved relationships between the AICPA and the financial press: "The press learned to have confidence in his objectivity and turned to him for explanations of accounting questions involved in news items or articles."

Before joining the AICPA staff, Savoie was partner in charge of accounting research and education at Price Waterhouse & Co. He joined the Chicago office in 1946 after receiving his bachelor's of science from the University of Illinois. He was admitted to partnership in the firm in 1960.

Following his service with the AICPA Savoie served from 1972 to 1979 as controller and vice-president of Clark Equipment Company, a multinational company with annual sales at that time exceeding $1.5 billion.

In 1980, Savoie joined the accounting faculty at the University of Notre Dame as a professor. He was chairman of the Notre Dame department of accountancy from 1983 to 1990. Savoie's time at Notre Dame blended his administrative, technical and human resource skills. He taught graduate courses, counseled undergraduate and graudate students, worked with accounting practitioners and professors throughout the United States and was involved in a variety of academic and professional activities at the local, regional and national level. …

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