Carl A. Pescosolido, Jr., was Research Fellow at The Independent Institute and the Founder and President of Sequoia Enterprises, Sequoia Orange Company, and Tropicana Energy Company. He graduated cum laude in economics from Harvard University, where he was a member of the football and track teams, and he served as President of the Board of Governor Dummer Academy, from which he graduated in 1955. In his honor, Governor Dummer Academy dedicated its new field house in 1959 and library and computer center in 1997.

Once sued by federal authorities for giving oranges away to charity, Mr. Pescosolido was well known and highly respected for his effective and professional legal and legislative battles over a decade against federal farm subsidies and marketing orders responsible for higher prices of fresh fruit and vegetables. During this struggle he testified on behalf of deregulating farming in the U.S. at many Agriculture Department hearings.

He was a member of the Independent Institute's team for The Bulgarian Economic Growth and Transition Project whose final report was unanimously approved by the then new Bulgarian Grand National Assembly, in Sofia, in late 1990, after the collapse of the Soviet Union.

Mr. Pescosolido was tragically killed at the age of 56 in an automobile accident in Dallas, Texas, in 1992.