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Don Welsch
Donald Welsch is a economist with 35 years experience in economic analysis and econometric and financial modeling. He has considerable experience in labor market analysis, employment litigation studies. He has provided testimony in matters involving asset valuation and lost profits of unestablished businesses. He has experience in the application of financial methods to investment decision-making and merger/acquisition analysis. He has provided economic/financial analysis, trial and arbitration testimony in matters involving employment discrimination, reduction in force and sexual harassment/hostile workplace. He has analyzed the statistical issues related to liability in matters concerning disparate impact. He has prepared reports and testified regarding loss of earnings, household production and personal consumption. He has also evaluated earnings capacity of minor children and future life care costs in matters involving personal injury, medical malpractice and wrongful death. He has assisted clients in assessing financial and real property values. He has conducted econometric studies of capital market and share price performance. He has testified on economic damage and loss issues in New Jersey and New York State courts as well as Federal Courts. He has served as an adjunct professor at Montclair State University. BACKGROUND WORK EXPERIENCE January, 1990 - Present JONAS & WELSCH, P.C./ President Started these consulting organizations to provide Economic Analysis and Planning services to attorneys, individual and corporate clients. Mr. Jonas joined in 1991 to form Jonas & Welsch, P.C. Services include expert testimony and economic and financial analysis of issues relating to litigation and corporate planning. Matters include contract disputes, anti-trust and industrial organization, employment discrimination, securities litigation and intellectual property agreements. January, 1988- December 1989 Developed the merger/acquisition consulting capabilities of this financial intermediary. Accomplishments included acceptance of the firm's Strategic Alliance Consulting program . June, 1987- December, 1987 Joined the management team of this LBO successor to the Beneficial Insurance Group. After an initialreorganization phase, the remaining property/casualty operations were relocated to Delaware. Was responsible for manpower planning including termination, relocation and severance of employees. February, 1986- June, 1987 Managed a 7 person staff conducting planning and development for this insurance group. Functions were strategic planning, manpower planning, merger and joint venture development activities. Provided strategic focus during parent company divestiture of insurance operations. November, 1982- January, 1986 Established a 9 person staff to provide internal planning and product development consulting capabilities to departmental and industry leaders involved in practice development programs in areas of mergers/acquisition, litigation support and financial consulting. Provided economic/financial analysis and testimony in matters involving employment, personal injury and wrongful death. August, 1974- October, 1982 Managed a staff of 12 professional consultants conducting planning, merger/acquisition and litigation support engagements. Engagements included expert witness testimony and economic impact studies. Provided analysis and testimony in matters involving employment, personal injury and wrongful death. September 1969- July 1974 Managed an 8 person professional staff integrating economic and financial forecasts into Fortune 500 client companies' strategic and financial planning functions. Major accomplishment was the development of a multi-state economic forecasting system for New England April, 1966- August,1969 Responsible for the merger planning and financial management of this family owned apparel business. June 1964, - March,1966 Served as research economist for International Balance of Payments and Domestic Conditions Divisions. Conducted studies of New York-New Jersey area labor markets. RELATED PROFESSIONAL EXPERIENCE Past President of the New York Association of Business Economists; Past Member of the Board of Directors of the National Association of Business Economists; Fellow of the National Association of Business Economists; Member of National Association of Forensic Economists and American Economic Association. Adjunct Professor of Finance and Economics at Montclair State College. Has taught courses in economics and finance including Microeconomics, Capital Markets and Investments and Corporate Finance. Mr. Welsch has published (with Roger I. Abrams and Bruce Jonas) "Stillborn Enterprises: Calculating Expectation Damages Using Forensic Economics" Ohio State Law Journal V.57 No. 3 1996. EDUCATION Completed Course work for a PHD in Econometrics at New School for Social Research, 1966. MA - Economics, Rutgers University, 1963 BA - Economics, Lafayette College, 1961 |