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Alwin C. Ernst

Alwin Charles Ernst
Born 1881
Cleveland, Ohio, United States
Died May 13, 1948
Cleveland, Ohio, United States
Residence Cleveland, Ohio
Education Business college
Occupation Accountant, Racehorse owner/breeder
Known for Co-founder Ernst & Ernst
Children 4 daughters

Alwin Charles Ernst (CPA) (1881 - May 13, 1948) was an American businessman who co-founded the accounting firm of Ernst & Ernst in 1903 and who is credited with inventing management consulting.

Born in Cleveland, Ohio, Alwin Ernst's father was a tailor. After finishing high school, he took evening courses at a business college and in 1900 went to work for The Audit Co. in Cleveland.[1] Three years later, Alwin Ernst and his older brother Theodore founded the Ernst & Ernst bookkeeping service with an invested capital of $500 but in October 1906, Theodore left the business.

Alwin Ernst expanded his business credentials by obtaining his Ohio Certified Public Accountant (CPA) certificate in 1910. Aggressive and ambitious, Alwin Ernst had already opened offices in Chicago in 1908 and in New York City in 1909. By the time of his death in 1948, Ernst had grown the business to more than fifty offices in the United States and Canada.[2]

Thoroughbred racing

Alwin Ernst owned and bred Thoroughbred racehorses, primarily those that ran in sprint races. Among his best horses was multiple stakes winner Alorter whose wins included the 1943 Cowdin Stakes.[3] Ernst also bred Algasir but died before he could see the horse win the 1948 Cowdin and Flash Stakes and set a world record for four furlongs.[4] Throughout most of his time in racing, Ernst's horses were trained by Jack Skirvin.

Alwin Ernst died at age sixty-six on May 13, 1948 at the Lakeside Hospital in Cleveland. His estate went to his four daughters and in August 1948 they sold most of his racing stable through an auction at Saratoga Race Course. A part of the dispersal, Algasir was purchased by F. Ambrose Clark for US$106,000.[5]

References

  1. Ernst & Young Guardian, 26 October 2002
  2. Commentary: The pity of it all Accounting Today, September 2004
  3. Alorter Scores Upset Victory in Cowdin Stakes; $35.90 FOR $2 SHOT TRIUMPHS BY A HEAD New York Times, 16 September 1943
  4. Sports of the Times; Looking Over the Field New York Times, 4 April 1949
  5. Gelding Brings $106,000 at Saratoga Sale Los Angeles Times, 22 August 1948

May 14, 1948 New York Times obituary for Alwin C. Ernst



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