The tale of the Reagan brothers is like a miniature depiction of the polarisation that has taken hold in the US in the past few decades. "Ron, my brother, was an embarrassment to his father when he was alive and today he became an embarrassment to his mother," read another. "What a way for Ron to say Happy 100th Birthday Dad," read one tweet. He has lashed out at his brother via Twitter. His book The New Reagan Revolution, is an appeal for a return to his father's political principles of low taxes and small government as a way to making America great again. He looked tired and bewildered," Ron Reagan writes.Īgainst that is the word of Michael Reagan, who was adopted by the president and his first wife, Jane Wyman. "My heart sank as he floundered his way through his responses, fumbling with his notes, uncharacteristically lost for words. He recalls the presidential debate with Walter Mondale on 7 October 1984. In it, Ron Reagan describes his growing sense of alarm over his father's mental condition, beginning as early as three years into his first term. The more contentious of the two is My Father at 100, written by Ron, Reagan's natural son with Nancy. His sons have written books on the occasion of the 100th anniversary of their father's birth, that falls on 6 February. He was formally diagnosed with Alzheimer's in 1994, five years after he left office. The spat opens up a subject that has long been a talking point – when did the 40th president begin to become mentally impaired by the disease. Please contact our office with additional questions or feedback.Ronald Reagan's sons have locked horns over the former president's political legacy after the younger brother, Ron, said his late father's battle with Alzheimer's began while he was in the White House. The professionals at Reagan FVL will continue to monitor this situation closely and collaborate with the business valuation community to provide additional guidance as it becomes available.
It seems quite reasonable that valuators should consider events such as the Y2K dot-com bubble burst, the unforeseen event, and the 2007-2008 real estate crash as a basis for determining how to address making the necessary professional judgments related to COVID-19 into business valuation calculations. stock market businesses closing shelter-in-home orders across the U.S.
It light of current events and the tremendous uncertainty evident in U.S. The NACVA, AICPA, and ASA will no doubt soon provide guidance. The professional judgment arises from whether the COVID-19 event was known or knowable at Decemand whether and to what degree it is appropriate to consider subsequent events (things that happen after Decemand before the valuator issues his/her report that relate to matters that were known or knowable on the valuation date). This lack of consensus opens the door for inconsistency and potential bias to arise in valuators’ professional judgments. As a result, there could be a lot of confusion in the marketplace on how to read and rely on business valuation reports where the valuation date is December 31, 2019. Reagan FVL has been talking with business valuation professionals and valuation associations around the country and there is presently no consensus on how valuators should treat this on their Decemvaluations. business economy will have major effects on how businesses are valued going forward. The effects from COVID-19’s invasion into the U.S. COVID-19 Coronavirus Effect on DecemBusiness Valuationsįor those in the business and legal communities who rely on business valuation reports…….