"The Quest for Value
is a stimulating and insightful presentation of financial issues facing every CEO in the 1990s." -- -- J. Ira Harris, general partner, Lazard Frères & Co.
"The Quest for Value is a superb reference for students and researchers in finance, operating managers, corporate planners, consultants, and deal doers. It is so chock-full of practical advice that each chapter is virtually a book unto itself. The anecdotal style is as entertaining as it is informative." -- Mark C. Ubelhart, practice leader, corporate finance/compensation,Hewitt Associates
"The Quest for Value is an excellent work for the corporate strategist. It presents new, leading-edge planning paradigms in a practical, user-friendly way. Stewart's plan to restructure from within is of utmost importance to top management. It is my belief that companies may well come to be structured in the manner he prescribes, by necessity if not by choice." -- George J. Kirk, director, corporate strategy, corporate development, Westinghouse Electric Corporation
"The Quest for Value is the definitive handbook on how to enhance shareholder value. It provides senior managers with practical goals and guidelines to create value for their shareholders and for themselves." -- James J. Schiro, vice chairman, Price Waterhouse
"After more than forty experiences over ten years, we firmly believe that corporations that are owned by their management and their board and are prudently leveraged will produce superior investment returns. In this excellent work, Bennett Stewart skillfully explains why." -- Carl Ferenbach, general partner, Berkshire Partners
"Bennett Stewart challenges corporate management to focus on its principal mission of increasing shareholder wealth and shows how to do it. We are in the process of implementing a number of his recommendations for executive incentives." -- William W. McCarten, senior vice president, finance, corporate controller, Marriott Corporation
"Bennett Stewart's book is a notable example of what we at Chicago have always believed: Nothing is more practical than good theory. His neatly chosen, real-world illustrations bring the basic concepts of finance vividly to life. The book can be read with profit (and enjoyment) by anyone with an interest in corporate finance, from beginning student to senior executive." -- Merton H. Miller, Robert R. McCormick Distinguished Service Professor, Graduate School of Business, The University of Chicago, 1990 Nobel Prize winner
About the Author
G. Bennett Stewart, III, is a senior partner of Stern Stewart & Co. Before co-founding Stern Stewart in 1982 with Joel Stern, he was a vice president of the financial advisory arm of the Chase Manhattan Bank. The EVA® management framework was developed by Mr. Stewart and his colleagues based on years of experience advising corporate clients on valuations, restructurings/recapitalizations, acquisitions and divestitures, and management incentive compensation plans. He is a principal speaker at Stern Stewart's EVA® seminars, and also serves as an executive editor of the firm's quarterly publication, The Journal of Applied Corporate Finance.
Mr. Stewart has a M.B.A. from the University of Chicago Graduate School of Business and a B.S. in Electrical Engineering from Princeton University.