Against the Grain
How to Succeed in Business by Peddling Heresy
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Against the Grain by Joel M. Stern
Book DescriptionThe unique story of a business heretic and his concept of Economic Value Added (EVA) In Against the Grain, Joel Stern shares for the first time, not only the story of how EVA swept the corporate world, but the story behind the story-the intellectual underpinnings of EVA, how he and his colleagues at Stern Stewart & Co. promoted the concept, won its initial acceptance by major corporations, and later turned the concept into a revolution. He has for good reason been called a one-man catalyst for change. In an engaging memoir, he has given us not only an account of his business strategy, but also provided fascinating anecdotes and vignettes of encounters with leading businessmen on four continents. Joel M. Stern (New York, NY) has been the Managing Partner of Stern Stewart & Co. since its founding in 1982 and was coauthor of The EVA Challenge (Wiley: 0-471-40555-8). A recognized authority on financial economics, corporate performance measurement, corporate valuation, and incentive compensation, he is a leading advocate of the concept of shareholder value. Irwin Ross (New York, NY) was retained to write The EVA Challenge with Joel Stern and John Shiely. He is a former roving editor of Reader's Digest and over the years has written for Fortune and a variety of other magazines.
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Book DetailsISBN: 9780471216001
(233mm x 162mm x 22mm)
Imprint: John Wiley & Sons Inc
Publisher: John Wiley and Sons Ltd
Publish Date: 10-Oct-2003
Country of Publication: United States
Books By Author Joel M. Stern
EVA Challenge, Paperback (January 2004)
The co-founder of EVA shows how to apply it in today's new economy EVA-economic valued added-is a measure of the true financial performance of a company, and a strategy for creating corporate and shareholder wealth. It is also a method of changing corporate priorities and behavior throughout a company, right down to the "shop floor.
Revolution in Corporate Finance, Paperback (April 2003)» View all books by Joel M. Stern
* Uses seminal articles from the highly regarded Bank of America Journal of Applied Corporate Finance. * Gives insight into the practical implications of recent theoretical advances in the field.
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Author Biography - Joel M. Stern
JOEL M. STERN has been the managing partner of Stern Stewart & Co. since its founding in 1982 and was coauthor of The EVA Challenge: Implementing Value-Added Change in an Organization (Wiley). He currently serves on the faculties of five graduate business schools. A widely published writer, Mr. Stern has been a financial policy columnist for the Financial Times and the Sunday Times of London. A recognized authority on financial economics, corporate performance measurement, corporate valuation, and incentive compensation, he is a leading advocate of the concept of shareholder value. IRWIN ROSS was retained to assist in the writing of The EVA Challenge with Joel Stern and John Shiely. In addition to this widely popular treatise, he has written several other books, among them The Loneliest Campaign: The Truman Victory of 1948, The Image Merchants, and Shady Business: Confronting Corporate Corruption. He is a former roving editor of Reader's Digest and over the years has written for a variety of other magazines, including Fortune and Harper's, as well as Stern Stewart's EVAngelist.
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