George Warren Douglas

George Warren Douglas passed away at home attended by his family after a long illness. George was born in Arlington, Texas August 10, 1938, youngest of three children to Clarence Loyd Douglas and Nellie Mabel Curtis. He grew up in Stillwater Oklahoma from 1946, graduated from Stillwater High School, Class of 1956 with Honors. He earned a scholarship and graduated from Yale University in 1960 with a BA.

George married Barbara Jester Selden of Houston Texas in New York on January 31 1959. Following Yale graduation, they spent a year in Austin, Texas where their son Geoffrey was born in 1961. They returned to Yale where he earned his MA in1963 and PhD in 1967. Their daughter Barbie was born in New Haven in 1963.

He joined the faculty of The University of North Carolina (UNC) in 1965 as Professor of Economics, serving until 1976. He was selected as a Brookings Institute Public Policy Fellow for 1968, serving his fellowship at the Department of Transportation in Washington DC 1968-69. He became a distinguished economist, establishing himself as an expert in transportation and anti-trust issues. He co-authored a book: Economic Regulation of Domestic Air Transport, Theory and Policy, George W. Douglas and James C. Miller III, Brookings Institution, 1974.

George played an advisory role and gave testimony in the Congressional hearings leading up to the Airline Deregulation Act of 1978. Leaving academia in 1976, he founded Southwest Econometrics, Inc. in Austin, Texas, an economics consulting firm. He advised various clients and government entities on public policy and economics issues. He was nominated to the Federal Trade Commission by President Reagan, and confirmed by the U.S. Senate, serving as a Commissioner from 1982 -1985. Returning to his home in Austin, he continued his economics business until the mid- 1990's, when he gradually retired.

He was a pilot, sailor, hunter and fisherman - he did it all. He logged over 2000 flight hours in private airplanes. He flew his family on vacations and in support of his business needs and launched his son Geoff on his career as a military and airline pilot. He learned to sail as a young man in Cape Cod and he captained a 33-foot sailboat from Annapolis to Green Turtle Cay, Bahamas during the summer of 1969. He fell in love with Green Turtle Cay and spent much of his leisure time there with his family. Following retirement, he took his wife Barbara on many international trips, tours and cruises to see the world. He loved early American history and organized a UT Quest tour to West Texas in the summer of 2011 to see early Texas and Indian historical sites. He was a true Texan by birth and by heart. He was a very generous man, a loving husband and father.

George was preceded in death by his father, C. Loyd Douglas, mother Nell C. Wolf and elder brother James N. Douglas. He is survived by his wife Barbara, son Geoffrey, daughter Barbie and grandchildren Katherine, Charity, Jonathan and Benjamin. He is also survived by his sister Nancy, and half-brother David and half-sister Amanda.

A service will be held at Weed-Corley-Fish Funeral Home, 3125 North Lamar, Austin, followed by a gathering at the family home, 10:00 AM Monday February 20, 2012. Flowers and sentiments may be sent to the funeral home. Donations may be made in his name to Hospice Austin.

UNITED STATES OF AMERICA

BEFORE THE FEDERAL TRADE COMMISSION

COMMISSIONERS:

Jon Leibowitz, Chairman

J. Thomas Rosch

Edith Ramirez

Julie Brill

RESOLUTION OF THE FEDERAL TRADE COMMISSION

The Federal Trade Commission has learned with sorrow of the death of former Commissioner George W. Douglas. Commissioner Douglas served with great distinction as a Commissioner of the Federal Trade Commission from December 27, 1982 until September 18, 1985.

After an outstanding academic career at Yale University, leading in 1967 to the Doctor of Philosophy degree in Economics, Commissioner Douglas quickly established himself as an economics expert, with a particular expertise in transportation and antitrust issues. He joined the faculty of The University of North Carolina in 1965 as a Professor of Economics, and served in that capacity until 1976. In 1968 and 1969, Commissioner Douglas served as a Brookings Institution Public Policy Fellow at the Department of Transportation, in Washington, D.C. In 1974, he co-authored a book entitled Economic Regulation of Domestic Air Transport: Theory and Policy -- with former Federal Trade Commission Chairman James C. Miller III -- and he provided extensive testimony in the Congressional hearings that led to the Airline Deregulation Act of 1978. In 1976, Commissioner Douglas founded Southwest Econometrics, Inc., an economics consulting firm in Austin, Texas, where he advised clients and government entities on public policy and economic issues. In 1982, President Ronald Reagan nominated him to the Federal Trade Commission, and after his confirmation by the Senate, Commissioner Douglas carried out all his responsibilities as a Commissioner in an outstanding manner. In particular, he authored a number of important Opinions and Statements that made lasting contributions to the law and economics of Commission practice, including especially the Commission Opinions in the ITT-Continental Baking Company, Thompson Medical Company, International Harvester Company, B.A.T Industries, and Echlin Manufacturing Company cases. In 1985, Commissioner Douglas returned to Austin, Texas, where he continued to provide economics consulting services until his retirement.

Throughout his tenure at the Commission, Commissioner Douglas discharged his responsibilities with outstanding competence, diligence, and integrity, so as to earn the respect of all those with whom he worked. The Federal Trade Commission expresses its deep sorrow and regret; extends its sympathy to

Commissioner Douglas's beloved wife, Barbara, and children, Geoffrey and Barbie; to his siblings, grandchildren, and other family members; and to his many friends bereaved by his death; and directs that this Resolution be entered upon the records of this Commission, and that copies be forwarded to his wife

and children.

By direction of the Commission.

Donald S. Clark

Secretary

Dated: February 15, 2012