Rider Alumnus Clair Raubenstine Honored at Accounting Hall of Fame Dinner

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Front row, left to right: Frank Sonnenberg, Clair Raubenstine, Steve Cosgrove; Back row, left to right: Donald Richards, Kathleen Gorman, Nancy Gorman, John Layton

LAWRENCEVILLE, NJ (06/13/2011)(readMedia)-- Clair Raubenstine '63 of Huntingdon Valley, Pa., was one of six Rider University alumni recently recognized for making significant contributions in the field of accounting, enhancing the image of accountants, and making noteworthy volunteer efforts outside the workplace.

Rider's Accounting Advisory Council welcomed and honored its inaugural class at its Accounting Hall of Fame Dinner and Induction Ceremony on May 11 at Pines Manor Restaurant in Edison, N.J. More than 160 attendees attended the evening event, which honored Rider alumni who have distinguished themselves in the accounting profession. Proceeds from the dinner will help fund student scholarships.

Howard Cohen '71 presented Raubenstine with the Lifetime Achievement award. Raubenstine stepped down in 2008 from his position as executive vice president and chief financial officer of PHH Corporation, a private label mortgage originator and servicer and fleet leasing and Management Company, a position he held since February 2006. A retired former assurance and business advisory services partner of PricewaterhouseCoopers LLP, Raubenstine had been associated with the firm for 39 years.

In addition to having served six years in the U.S. Army Reserves, Raubenstine is an active community member, serving in leadership capacities for more than 20 years on the Special Gifts Committee for the Catholic Charities Appeals for the Archdiocese of Philadelphia, and previously as chairman of the Warminster Municipal Authority and director of the Pennsylvania Council on Economic Education.

The rest of the honorees included John Layton '66 (Achievement in Governmental or Not-for-Profit Accounting); Donald Richards '70 (Achievement in Public Accounting); Stephen J. Cosgrove M.B.A. '77 (Achievement in Corporate Accounting/Finance); Frank Sonnenberg '77 (Achievement for Service to the Community); and Professor John Gorman '59 (Faculty Lifetime Achievement).