We are sad to announce the passing of Alfred M. King, CMA, CFM on May 18, 2022
We are sad to announce the passing of Alfred Meehan King, CMA, CFM on May 18, 2022. Mr. King was a trailblazer in the valuation industry and we are proud of our relationship with him.
Mr. King served as Vice Chairman of Marshall & Stevens from 2005-2010. While with Marshall & Stevens, Al not only provided insight and expertise to our executives and staff, but he also served as a litigation expert on multiple high-profile multibillion dollar disputes and as project manager for several complex valuation assignments.
Mr. King graduated magna cum laude in economics from Harvard College in 1954 and later earned an MBA in finance from Harvard Business School. He joined the Cash Management and Trust Investment departments at Northern Trust Co. in Chicago in 1954. In 1959 he was hired into the accounting group of General Motors Corporation (GM). He left GM to work for two subsidiaries of Tenneco Inc. with responsibility for international and manufacturing accounting.
Foray into Valuation
In 1969, Mr. King joined American Appraisal Associates (AAA) as its Controller and rose to the role of CFO. He was involved in the AAA initial public offering and in a wide range of appraisal and property record projects for AAA clients. Mr. King left AAA for Valuation Research Corporation (VRC), rising to the role of Chairman of VRC before joining Marshall & Stevens.
Mr. King’s areas of expertise included the valuation of business enterprises, equity, and intangible assets for financial reporting, domestic and international tax reporting, solvency and matters of dispute. Cases for which he served as a litigation expert were tried before various Federal and State Courts as well as arbitration panels under Federal Guidelines. He personally appraised over $100 Billion of assets.
Author, Lecturer, Consultant
A giant in the valuation industry and a financial reporting guru, Mr. King was a member of the Institute of Management Accounting (IMA), Financial Executives International (FEI), and the American Institute of Certified Public Accountants’ (AICPA) Task Force on Impairment. He served as Managing Director of the IMA for 10 years. Mr. King was often called upon by The Appraisal Issues Task Force (AITF) of the Appraisal Foundation, Financial Accounting Standards Board (FASB) and the Securities and Exchange Commission (SEC) to consult on important matters. He created the AITF based upon the recommendation of the FASB and SEC. Mr. King held one of the earliest awarded Certificate of Management Accounting for distinguished performance on the first examination for accreditation.
Al King authored six books and more than 100 articles for professional journals and was an enthusiastic speaker before valuation and accounting professional organizations. He taught classes in accounting and finance at Fordham University’s Graduate School of Business Administration, University of Wisconsin – Parkside, and University of Mary Washington. In 2009 he received a certificate for excellence in teaching from National Association of Certified Valuation Analysts (NACVA). He served twice on the Spotsylvania (Virginia) County Board of Equalization.
Al King is survived by his wife Mary Jane, son Tom (Yvonne) King, daughters Kathy (John) LeFebre and Tina Oliver, seven grandchildren and three great-grandchildren.