Alfred Rappaport (economist)

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

The Alcar Group co-founder

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

Rappaport was a regular contributor to The Wall Street Journal, The New York Times, Fortune, BusinessWeek,[4] and the Harvard Business Review.[11]

He 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.[4]

Books

  • 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.
  • Ten Ways to Create Shareholder Value; Harvard Business Review, (September 2006)[13]

See also

References

  1. ^ "Interview: Alfred Rappaport of Saving Capitalism from Short-Termism". GMI Ratings. Retrieved 9 January 2015.
  2. ^ Rappaport, A (31 March 2016). "Analyze this". The Economist. Retrieved 9 July 2021.
  3. ^ 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.
  4. ^ a b c "ABOUT THE AUTHORS". Expectations Investing. Retrieved 3 July 2021.
  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
  13. ^ Rappaport, A., Ten Ways to Create Shareholder Value, Harvard Business Review, September 2006, accessed 22 February 2017


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