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STEVE CLARY STARTED HIS CAREER AS an accountant in 1974, working in Memphis at Ernst & Whinney and in Little Rock with Arthur Young & Co. His accounting work included providing audit, tax, regulatory compliance and management advisory services to investment banking firms and real estate syndication firms.
Before striking out on his own in real estate developing during the mid-1980s, Clary worked with two prominent executives, Jon Brittenum and Melvyn Bell. Aspects of their careers foreshadowed things to come in Clary's.
With Brittenum, Clary would have a good seat to see what happens when financial stress prompts a businessman to step over the line.
With Bell, Clary...