Bike BizPaul Wolsfeld is a La Jolla...

Bike Biz

Paul Wolsfeld is a La Jolla entrepreneur who embraces his sometimes-zany ideas with all the enthusiasm of a, well, of an entrepreneur.

His endeavors are called Preppie Gadfly Services, Paul’s Bicycle Errand Service and, his latest, Greenmail Corporate Associates.

The 33-year-old’s current brainchild calls for him to bicycle around the country for 18 months, visiting the nation’s 550 largest public and private corporations.

His trip, he hopes, will yield a book on “Corporate America.”

“I want to collect corporate trivia,” he said. His Greenmail T-shirts may be included: Emblazoned on the back are the slogans “Bankers Bamboozled, Lawyers Vanquished, Accountants Hoodwinked, Media Manipulated, Arbitrageurs Tendered.”

The bottom line: The trip will cost $50,000, Wolsfeld figures. And he hopes some of the companies he visits will spring for the tab.

Donated Audit

As part of its contribution to the San Diego Symphony, the local office of Touche Ross & Co., the national accounting firm, is offering something unique: an in-kind management audit.

“We asked ourselves what we could really do to help, so we offered to conduct a management audit,” said Bob Rohleder, Touche Ross partner-in-charge here.

The audit will examine how the symphony is organized, “the size and complexion of the board, the day-to-day management of the organization, and the kind of financial reports and cash flow reporting that are available.”

The process will take between 30 and 45 days, Rohleder said.

The cost of the in-kind service hasn’t yet been determined. “We’ll spend some time, not full time, and analyze it. When it’s all over, we will render a bill, then negate it and say it’s a donation.”

Touche Ross has donated similar audits to nonprofit groups in other cities, including Detroit and Pittsburgh, according to Karen Winston, director of marketing.

Fabulous Battle Continues

The heated battle for corporate control of Fabulous Inns of America is off the front pages, but it nonetheless endures.

Ten days ago, attorneys representing ousted Chairman Henry Maxwell admitted that their client’s financing of a $1.4-million note due Fabulous Inns had fallen through. That set the stage for a trial, scheduled for Sept. 10.

Park Manor Squabble

Both sides in the Park Manor Hotel bankruptcy have until April 3 to reach a possible out-of-court agreement, thanks to a ruling last week by U.S. Bankruptcy Judge James Meyers.

The limited partnership that owns the hotel near Balboa Park filed for Chapter 11 reorganization in January following a disagreement among the partners over how to develop the property. In addition, the general partner was apparently unable to secure additional financing to renovate the six-story, 82-room hotel to a “four-star” luxury hotel.