DAVID NORR

NORR--David. David Norr, of Scarsdale, NY, passed away August 19 at age 89. He intertwined careers as a financial analyst, investment adviser and certified public accountant. He was the only analyst to have served on the Accounting Principles Board. He was active on several SEC committees on reporting problems and appeared before a Senate subcommittee on stock options. He devoted much effort to improving disclosure for investors and was a frequent speaker and the author of several articles and pamphlets on financial matters. He fought for expensing unsuccessful wells in the oil industry, for expensing the cost of stock options and was early to advocate stock buybacks. An activist, he ridiculed meager stock holdings of outside directors prior to their being given generous stock options. While president of the New York Society of Security Analysts, he wrote a newsletter for the benefit of members. He graduated Phi Beta Kappa from Columbia, from which he also held an M.B.A. He served in the Army in WWII. He established eight scholarships in honor of family members at their respective universities. His father, Henry I. Norr, an immigrant boy from Russia, graduated Phi Beta Kappa from City College and was principal of Evander Childs High School in the Bronx. He is survived by his wife, Carol Norr, daughter Amy Norr, her husband Jeff Metz and grandchildren, Rachael, Jordin and Melanie Metz of Narberth, PA, and daughter Susan Norr and granddaughters Nicole and Julia Norr of Scarsdale, NY. Memorial donations may be made to Americans United for the Separation of Church and State, or the New York Public Library.