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Memoir

Clay
ton James Pilcher
Regents' Proceedings 1199

C. James Pilcher, Professor of Finance in the School of
Business Administration, will retire from active faculty status on
May 31, 1987, following a 40-year career at The University of
Michigan.

Professor Pilcher received his B.A., M.B.A., and Ph.D. degrees
from The University of Michigan in 1942, 1947, and 1955
respectively. He was first appointed as an instructor in 1947,
became an assistant professor in 1955, associate professor in 1958,
and professor in 1962. He was a visiting professor at Stichting
Bedrijfskunde, Rotterdam, in 1968 and at the University of Hawaii
in 1975.

Professor Pilcher's published works include articles and books on
debt financing and municipal and industrial aid bonds. His most
recent research activity has centered around pension fund
performance and measurement. His students have consistently
viewed him as a professor who cared about them as individuals
and genuinely wanted them to succeed. He always derived great
satisfaction from his students' accomplishments.

A model citizen of both the University and the community,
Professor Pilcher served on the School of Business Administration
Executive Committee, the Alumni Association Budget and Finance
Committee, and the Finance Group, which he chaired for several
years with great enthusiasm and dedication. He has been an active
supporter of the athletic program, and participated in recruiting
activities. He has been a member of the Ann Arbor Rotary
International Club for many years, serving as president from 1972-
73 and on the board of directors from 1974-79. He was a director
and member of the executive committee of the Ann Arbor Area
Chamber of Commerce from 1972-76. He has been active in the
Ann Arbor United Fund organization, and served on the City of
Ann Arbor pension and retirement board.

The Regents now salute C. James Pilcher for his many years of
service dedicated service by naming him Professor Emeritus of
Finance.