The 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.
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.
Foreword by (J. Shiely). Chapter 1. The Great Break. Chapter 2. Beginnings. Chapter 3. Rebel Banker. Chapter 4. A Letter from Oppenheimer. Chapter 5. On Our Own. Chapter 6. How We Grew. Chapter 7. The Key Role of Incentives. Chapter 8. The Missionary Way of Life. Chapter 9. Dispatches from the Sales Front. Chapter 10. As for the Future. Chapter 11. The Credo of a Radical Free Marketeer. Appendix: Heresies that Have Stood the Test of Time. Acknowledgments. Index.
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