Philip J. Clements was a man who valued education was a life-long learner and an entrepreneur. He earned a B.A. in Accounting from the University of Puget Sound, a J.D. from the University of Puget Sound School of Law, an L.L.M. in Taxation from NYU School of Law and a Masters in Theological Studies from the Reformed Theological Seminary.
Phil had a passion for serving clients and mentoring fellow colleagues. His long and illustrious career started at Coopers and Lybrand, LLP in 1978 where he became a partner and was on the U.S. board. He continued serving as partner at PricewaterhouseCoopers, LLP where he was on the U.S. and global boards. During his time there, he was the global leader of the Corporate Value Consulting practice which was acquired by Standard and Poor’s in 2001. Phil held the position of Executive Vice President and leader of S&P Corporate Value Consulting until he retired in 2004.
Not one to sit on the beach, Phil went on to co-found Cathedral Consulting Group, LLC with the vision to bring technical skills on key business matters to small to mid-sized private companies while relying on the timeless business principles found in Scripture. He also went on to found Calyx Capital Advisors, LLC; The Center for Christian Business Ethics Today, LLC; Academic Development Consulting, LLC; and PJC Real Estate, LLC. All of the companies together are under the umbrella of PJC Holdings, LLC founded by Philip J. Clements. He also designed the Certified Small Enterprises Advisor (CSEA) Program which is a new certification for professionals who advise small enterprises.
In addition to his management roles, Phil had over 20 years’ experience advising companies on their company’s value, effect on value of different operating and financial strategies, such as sell, take public and/or joint venture options. Advice included due diligence, tax strategies, accounting issues, business strategies, corporate structure, and capitalization arrangements. He had consulted on corporate spinoffs, restructuring, and shareholder value implementation strategies. Phil has spoken and written on the economics of regional power planning, Global CapitalTrends-Effects of the U.S. Business Environment, Tax Strategies in M&A Transactions, Financing Leverage Buyouts, Capital for Financial Institutions,and Global Financial Instruments. Phil spoke at BusinessWeek’s 2003 CFO CIO Forum on the Implications of 2003 Tax legislation.
Business Ethics: Adding a Christian Worldview, edited by Phil, had been printed by McGraw-Hill for The King’s College 2007 Business Ethics course. In 2005 Phil led the preparation of Faith and Development in Africa for the AFREG conference held in Nigeria in 2006. Phil co-authored Fairness Opinions: A Users Guide, published by McGraw-Hill in 2005. He also wrote the foreword to The Art of M&A Due Diligence – Navigating Critical Steps and Uncovering Crucial Data, published 2000.
As an advocate for the next generation, Phil had a passion for mentoring and teaching all ages. He was the Distinguished Visiting Professor of Business at The King’s College, New York City, teaching Financial Accounting, Business Law, International Business,and Business Ethics. He was also Adjunct Professor at Rutgers University teaching Business Valuation for the Masters in Accounting and Finance programs.