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Alfred Rappaport (economist)

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Alfred Rappaport (born 1932; resided in La Jolla, California[1]) is an American economist, educator and author, best known for further developing the idea of shareholder value,[2][3] popularized by his 1986 book, Creating Shareholder Value.[4] He is the Leonard Spacek Professor Emeritus at Kellogg School of Management at Northwestern University and was chairman of Chicago consulting firm The Alcar Group,[1] with his ideas influential in Management consulting.

Biography

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In 1979, he co-founded The Alcar Group in Skokie, Illinois with Carl Noble Jr,[5] and served as its chairman.[6] Alcar designed financial modeling products used to analyze the monetary impact of various business strategies, including mergers and acquisitions, divestitures and debt restructuring.[5] In 1993, Alcar merged with L.E.K. Partnership,[7][8] which then rebranded to LEK/Alcar Consulting Group LLC.[9] From the mid-1990s, the company pioneered value-based management (VBM), based on Rappaport's academic work.[10] The company merged with software maker Hyperion Solutions in 2003.[5]

Works

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Rappaport is the originator of "The Wall Street Journal Shareholder Scoreboard", which ranks total shareholder returns of the 1,000 highest value U.S. companies, published annually from 1995 to 2008.[1] He was a regular contributor to The Wall Street Journal, The New York Times, Fortune, BusinessWeek,[1] and the Harvard Business Review.[11] His published books include:

  • Creating Shareholder Value: The New Standard for Business Performance'; Simon and Schuster. 13 October 1999. ISBN 978-0-684-84456-5
  • Expectations Investing: Reading Stock Prices for Better Returns; Harvard Business School publishing; with Michael Mauboussin (2001)[12]
  • Alfred Rappaport; John C. Bogle (19 August 2011). Saving Capitalism From Short-Termism: How to Build Long-Term Value and Take Back Our Financial Future. McGraw Hill Professional. ISBN 978-0-07-173637-4.

References

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  1. ^ a b c d "ABOUT THE AUTHORS". Expectations Investing. Retrieved 3 July 2021.
  2. ^ "Interview: Alfred Rappaport of Saving Capitalism from Short-Termism". GMI Ratings. Retrieved 9 January 2015.
  3. ^ Rappaport, A (31 March 2016). "Analyze this". The Economist. Retrieved 9 July 2021.
  4. ^ Creating Shareholder Value: The New Standard for Business Performance. Simon and Schuster. 13 October 1999. ISBN 978-0-684-84456-5. Archived from the original on 2021-08-05. Retrieved 2021-07-03.
  5. ^ a b c "Hyperion to acquire Alcar". Silicon Valley Business Journals. 3 April 2003. Retrieved 9 July 2021.
  6. ^ Wayne, Leslie (23 April 1987). "'REVERSE LBO'S' BRING RICHES". New York Times. Retrieved 9 July 2021.
  7. ^ "L.E.K. Consulting adds seven new partners globally". www.consultancy.uk. 2015-01-22. Retrieved 2021-03-11.
  8. ^ Rappaport, Alfred (1999-10-13). Creating Shareholder Value: A Guide For Managers And Investors. Simon and Schuster. ISBN 978-0-684-84456-5.
  9. ^ Rappaport, Alfred (25 February 1998). "Here Are Three Ways Investors Can Stack the Odds in Their Favor". The Wall Street Journal. Retrieved 10 July 2021.
  10. ^ Kilroy, Denis; Schneider, Marvin (2017). Customer Value, Shareholder Wealth, Community Wellbeing: A Roadmap for Companies and Investors. Springer. p. 5. ISBN 9783319547749. The main advocates of shareholder wealth creation as a governing objective were value-based management consulting firms like Marakon Associates, Stern Stewart & Co, and Alcar, together with the academics that stood behind their work such as Dr Bill Alberts, Joel Stern and Professor Al Rappaport.
  11. ^ "alfred rappaport". hbr.org. Harvard Business Review. Retrieved 7 July 2021.
  12. ^ Rappaport, A. and Mauboussin, M. Expectations Investing
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