EEI CONSULTANTS - Key Persons

Job Titles:

• Director of Communications of the Center for Economic
• Director of Justice - Based Management Services for Equity Expansion International

Ms. Brohawn is Director of Justice-Based Management Services for Equity Expansion International. She designs and implements communications and participation systems to help ESOP companies build and sustain their ownership culture. She has organized and facilitated employee ownership education and planning forums (including advanced communications protocols such as syntegrations), and has conducted employee ownership attitude surveys. She has also organized and administered elections for employee representatives to the Board of Directors. Ms. Brohawn has served on the Advisory Committee on Ownership Culture of The ESOP Association (formerly the Advisory Committee on Competitiveness, Communications and Participation) since 1989, and served twice as a judge for The ESOP Association's national competition for excellence in employee ownership communications. Ms. Brohawn also serves as Director of Communications of the Center for Economic and Social Justice, headquartered in Arlington, Virginia. CESJ, which she co-founded in 1984, is an all-volunteer, non-profit, non-partisan, ecumenical research and educational organization promoting a free market approach to economic and social justice for every person. Ms. Brohawn was the principal editor for CESJ's 2002 report, Capital Homesteading for Every Citizen: A Just Free Market Solution for Saving Social Security, prepared under a grant by the William H. Donner Foundation. She edited the orientation book for President Reagan's 1986 Presidential Task Force on Project Economic Justice (a CESJ initiative), as well as the 1997 compendium, Journey to an Ownership Culture: Insights from the ESOP Community (published by Scarecrow Press and The ESOP Association). Ms. Brohawn graduated in 1979 from Georgetown University, where she was in the English Honors Program and Liberal Arts Seminar.

Job Titles:

• President of Norman a. Bailey, Inc
• Senior Consultant Economist
• Senior Consultant to Equity Expansion International

Dr. Bailey is a Senior Consultant to Equity Expansion International. President of Norman A. Bailey, Inc., he is a consulting economist who has worked extensively on international economic and strategic issues for over 30 years, specializing in international debt and monetary affairs. He received his Master of International Affairs and Ph.D. from Columbia University. His clients include governments, corporations, banks, investment firms, trading companies, and consulting, law and accounting firms in four continents. While serving as president of an international investment banking firm he was appointed Professor of Political Science at the City University of New York (Queens). In 1981 he joined the Reagan Administration as the Director of Planning and Evaluation for the National Security Council. He was later appointed Special Assistant to the President and Senior Director of International Economic Affairs at the White House. Dr. Bailey was a principal author of President Reagan's Caribbean Basin Initiative and a major force within the White House for encouraging ESOPs in domestic and foreign economic policy, helping introduce such policy initiatives as the Capital Homestead Act and Project Economic Justice. Dr. Bailey speaks five languages and has authored five books and over 130 articles on international politics, economics and business. He served on the Board of Directors of the Center for Economic and Social Justice and is now on the CESJ Board of Counselors.

Job Titles:

• Counselor to the Presidential Task Force
• Managing Director of Equity Expansion International 's Operations in Latin America

Mr. Recinos is Managing Director of Equity Expansion International's operations in Latin America. He is an international consultant in imports/exports, privatization, public sector modernization and agribusiness with over 30 years of professional experience in over 40 countries. He has consulted for the United States Agency for International Development (USAID), the World Bank, the Inter-American Development Bank, and several international private consulting firms. Mr. Recinos was the principal consultant for the ESOP at Finca La Perla, which has received recognition as a new model for land reform. He was project manager of EEI's professional team which designed an "ESOP parallel legal system" funded by the Ministry of Planning in Costa Rica, and for the USAID-funded project to implement ESOPs in Guatemala. In 1986 Mr. Recinos was appointed a Counselor to the Presidential Task Force on Project Economic Justice. In 1991 he designed a 100% ESOP buyout plan to privatize the seed processing plants owned by the Ministry of Natural Resources of Honduras. He has advised the World Bank on privatization of the Mexican Steel Industry. Mr. Recinos was contracted by the Inter-American Development Bank to work with the Ministry of Finance and the Technological Institute of Mexico (ITAM) to design ESOP legislation. He serves as a principal advisor of the Central American Solidarista Labor Federation and is currently advising port authority and telecommunications labor unions on ESOP privatization strategies. Mr. Recinos was an import-export consultant to a 100% employee-owned company, developing and implementing a strategic plan allowing the company to become a importer and distributor of wood products from the People's Republic of China. He designed an initiative led by several corporate founders of the Natural Rubber & Development Foundation of Guatemala, the governments of Guatemala and France, the UNDP and USAID to double rubber production over 8 years with development loans to private estates and peasant cooperatives and to build a processing plant owned by participating cooperatives, private estates and the plant's employees as a second stage of the Peace Accords of 1996. Mr. Recinos received his Master's degree in Economics and Latin American Affairs in 1969 from the Georgetown University School of Foreign Service, and his B.A. in Political Science and Economics in 1967 from the City University of New York.

Job Titles:

• Director of ESOP Administration Services for Equity Expansion International
• Secretary and Executive Committee Member for the Center for Economic

Mr. Greaney, Director of ESOP Administration Services for Equity Expansion International, is a Certified Public Accountant with over 15 years of experience assisting ESOP companies to comply with the vast array of federal and state ESOP regulations. He designs and implements accounting systems, and has audited profit and non-profit organizations throughout the world with the American Red Cross, Georgetown University Medical Center, and the U.S. Federal Election Commission. Mr. Greaney developed a state-of-the-art accounting and administration manual for the Alexandria Tire Company ESOP in Egypt, the first ESOP in the developing world. This manual was used as a template for ESOP privatizations in the transforming economies of Eastern Europe. Mr. Greaney, who computerized EEI's ESOP allocation process, has performed financial projections and feasibility analyses for ESOPs. He has also performed financial reviews of overseas privatization projects. Mr. Greaney serves as Secretary and executive committee member for the Center for Economic and Social Justice, as well as CESJ's Director of Research. Mr. Greaney, who has authored numerous articles on expanded ownership, money and credit, and social development, was a contributing author and the associate editor of the book, Curing World Poverty: The New Role of Property, published in 1994 by the Social Justice Review in collaboration with the Center for Economic and Social Justice. Mr. Greaney received his B.B.A. in Accounting from the University of Notre Dame in 1977 and his M.B.A. from the University of Evansville in 1979.

Job Titles:

• Co - Founder, Lawyer - Economist, President and Managing Director of Equity Expansion International, Inc
• Senior White House Officials

Mr. Kurland, a lawyer-economist, is co-founder, President and Managing Director of Equity Expansion International, Inc. (EEI). He is considered one of America's pioneers in participatory ownership law and ESOP credit institutions. Mr. Kurland was a close colleague for eleven years of the late Louis Kelso, author of binary economics and inventor of the ESOP. With Kelso, Mr. Kurland co-founded and served as the first executive director of the Institute for the Study of Economic Systems. He later became Washington Counsel for Kelso's investment banking firm. Collaborating with Kelso, Kurland authored and lobbied the first and subsequent ESOP legislative initiatives in the U.S. Congress. In 1981, at the request of senior White House officials, Mr. Kurland developed the "Capital Homestead Act," a comprehensive package of national infrastructural reforms for broadening citizen access to capital ownership. In 1985 Mr. Kurland was appointed Deputy Chairman of President Ronald Reagan's Task Force on Project Economic Justice that recommended reforms to implement ESOPs in U.S. development initiatives in Central America and the Caribbean. He was the chief architect of the first ESOP in a developing country, for the Alexandria Tire Company in Egypt. Later he conceived the landmark "parallel legal system" for promoting ESOPs in Costa Rica. These strategies introduced the "Employee Shareholders Association," an advance over the ESOP trust mechanism in the U.S. Mr. Kurland was the principal ESOP technical consultant in the USAID-funded project to implement ESOPs in Guatemala, and has been a consultant to the Inter-American Development Bank on ESOP privatizations. At the request of the Mexican government, he was contracted in 1992 by the Inter-American Development Bank to design ESOP legislation for Mexico. He is the principal architect of several model ESOPs and legal systems for expanding ownership. Among his major ESOP prototypes, Kurland engineered the world's first 100% leveraged ESOP in 1975, which saved 500 jobs at South Bend Lathe, a failing machine tool company. This strategy, which was later replicated in the employee buyouts of Weirton Steel and AVIS, offers a viable alternative for privatizing state-owned enterprises. Mr. Kurland's innovations include the first ESOP and worker shareholders association in the developing world at the Alexandria Tire Company in Egypt; the "Capital Homestead Act" (a comprehensive package of national monetary and tax reforms); the "Community Investment Corporation" (a vehicle for enabling community residents to share land ownership and profits); and "Justice-Based ManagementSM" (a system for applying Kelsonian principles of economic justice for building a participatory ownership culture at the workplaces of business corporations). Business Week described him as "the resident philosopher of ESOP in the capital." He was the recipient of CESJ's first Kelso-Ferree Lifetime Achievement Award, an honor he shares with Senator Russell Long, the legendary champion of ESOP on Capitol Hill. Before joining Kelso, Mr. Kurland was director of planning of the Citizens Crusade Against Poverty, a national coalition headed by the labor statesman Walter Reuther. Before that Mr. Kurland, as a Federal government lawyer, became deeply involved as a civil rights investigator in the Mississippi "one-person, one-vote" movement and later with the core group shaping economic empowerment initiatives in President Johnson's "War on Poverty." He came to Washington in December 1959 after receiving a Doctor of Laws degree from the University of Chicago, where he studied law and economics, following five years as an officer on flying status in the U.S. Air Force.

Job Titles:

• Director of Government Relations
• Founder and President of the Mansfield Institute for Public Policy

William Mansfield is Founder and President of the Mansfield Institute for Public Policy and Social Change, a 501(c)(4) organization in Louisville, Kentucky. The institute works with community stakeholders to advocate and lobby for public policy that address the social, psychological, physical and economic needs of Millennial Americans. Mansfield has more than 16 years of mastered skills in varies forms of lending, structured finance, strategy development, marketing and sales. He built a multi-million-dollar book of business for the company in his very first year. William worked in the Insurance and Risk Management Departments at the Travelers Group in New York, the largest financial services company in the world. While at Travelers, he provided support to underwriters, investment bankers, traders and a host of other financial executives. His passion developed as he helped companies improve their stock evaluations, develop investment strategies, diversify their asset base and improving their market position. He has continued his calling by working for a variety of auto, mortgage, and personal finance companies including Peach State Finance, Accredited Home Lenders', Allied Home Mortgage, Kesso Investment Group and VJ Real Estate Investors where he has served in key administrative, managerial, and executive positions for these companies. William has also worked in political fundraising for several Washington, D, C. based political action committees' in the labor, banking regulatory and educational sector. This experience has allowed him to make several key relationships in both the executive and legislative branch of the federal government. William worked as a Director in the Loan Origination Department at Accredited Home Lenders' (a publicly traded sub-prime wholesale mortgage company based out of City of Industry, California.) and was quickly promoted to retail branch operations in Marietta, Georgia. Mansfield was soon recognized for having the highest revenue par in the nation. His ability to sell loan packages to the bank resulted in him being promoted to Regional Trainer. William established 3MG Investment Group as an alternative lending research firm. His primary focus for several years has been in helping pre-revenue mid-size companies structure shortterm and long- term debt and equity financial strategies. He has generally worked with start-up companies who have seasoned leadership that possess a long standing track record of running multi- million dollar organizations at the executive level. His specialization has been in assisting companies seeking 5-10 million dollars for mobilization and operating capital where the companies have financial forecasts that show a proven track record.