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Obituary

Roger Charles Kormendi
Washington Post

Roger C. Kormendi, 59, a founder of a financial advisory business in Washington, who also taught at the business schools of the University of Chicago and the University of Michigan, died Feb. 25 at his home in Washington. He had Creutzfeldt-Jakob disease, a degenerative brain disorder.

Dr. Kormendi was an economist who did research in finance and public policy and was the author of more than 50 scholarly articles and books. In 1991, he co-founded Kormendi\Gardner Partners, a Washington financial consulting and investment firm that helped arrange complex financial partnerships between the public and private sectors. His clients included federal agencies and foreign governments.

Roger Charles Kormendi was born in New York and grew up in Fairfax County. He was a 1967 graduate of Woodson High School and graduated with high honors from the University of Virginia in 1971. He received a doctorate in economics from the University of California at Los Angeles in 1977.

He began teaching in the graduate business school at the University of Chicago in 1975 and in 1984 was a founder of the Mid-America Institute for Public Policy Research. His research projects on financial matters led to such publications as "Public Policy in Flux" (1986) and "Black Monday and the Future of Financial Markets" (1989).

His institute's publication, "Crisis Resolution in the Thrift Industry" (1989), included recommendations adopted by Congress in legislation responding to the crisis in the savings and loan industry. Later, when he was in business, he helped negotiate the federally assisted acquisition of a failed thrift.

Dr. Kormendi spent 13 years on the faculty of the University of Michigan. He settled in Washington in 1996.