..."whatever stigma should attach to academia has worn off!"
Well, it has been so long since he has been a college professor that it is likely that he was not like the modern accountants. In my opinion, ITIC's financial statements are very clean and straight forward. I think their accounting would serve as a good model for other companies.
Regarding the Texas expansion, I like that Texas has a strong economy, partly due to demand for energy, and that its political outlook is much better than most of the rest of the country.