Paul Pustorino, the new Executive in Residence for the Accounting Department, is looking forward to sharing with students some of the insights and processes he has garnered during his career.
As a 1973 graduate of Sawyer Business School, Pustorino has come “back to where it all began,” he said. He will be teaching the undergraduate and graduate capstone courses in accounting, and he looks forward to challenging his students. “I’m going to try and give them some diverse concepts and ideas to try and stretch their capacity for critical thinking,” he said.
Pustorino is a retired partner of Grant Thornton LLP and has 38 years of accounting, auditing, and consulting experience. During his career, he helped companies develop implementation strategies, acquisition strategies, initial public offerings, and more. He also played a major role in closing some of the country’s most troubled savings and loans for the Resolution Trust Corporation in the 1990s, and more recently, provided assistance to the GSEs, Regulators and Government Agencies during this past financial crisis.
Throughout his professional career, Pustorino has remained connected to Suffolk. He frequently recruited on campus over the years and has served as a guest lecturer and speaker at the University.
One career achievement that he is particularly proud of is that several individuals that he identified on college campuses are now partners at his former firm. “That is true meaning of stewardship– leaving behind more than what you found. It’s extremely rewarding, and a very strong part of the reason why I wanted to end my career teaching. If some of the knowledge that I have gathered over the years can be of benefit to today’s Suffolk students during their careers, then I will feel truly rewarded.
As a professor, Pustorino wants to help students understand that accounting is not one dimensional. “It’s not putting numbers in a column and adding them up,” he said. Accountants need to be able to look beyond debits and credits to help businesses make critical decisions.
“Accounting has a strong component of teaching and mentoring and guiding,” he said. Pustorino considers teaching a very “natural aspect” of the profession.
Accounting also plays an integral role in society, he said. “Soon after people stopped being hunters and gatherers, society needed to trade, needed to barter, needed some system of measuring value, and thus, accounting was born,” he said. He considers accounting a “basic fabric of social interaction.”