Alfred Rappaport (economist) explained

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,

The Alcar Group co-founder

In 1979, he co-founded The Alcar Group in Skokie, Illinois with Carl Noble Jr,^[4] and served as its chairman.^[5] Alcar designed financial modeling products used to analyze the monetary impact of various business strategies, including mergers and acquisitions, divestitures and debt restructuring.^[4]

In 1993, Alcar merged with L.E.K. Partnership,^{[6] [7]} which then rebranded to LEK/Alcar Consulting Group LLC.^[8] From the mid-1990s, the company pioneered value-based management (VBM), based on Rappaport's academic work.^[9] The company merged with software maker Hyperion Solutions in 2003.^[4]

Works

Rappaport was a regular contributor to The Wall Street Journal, The New York Times, Fortune, BusinessWeek, and the Harvard Business Review.^[10]

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.^[11]

Books

• Expectations Investing: Reading Stock Prices for Better Returns; Harvard Business School publishing; with Michael Mauboussin (2001)^[12]
• Saving Capitalism from Short-Termism: How to Build Long-Term Value and Take Back Our Financial Future (2011)
• Ten Ways to Create Shareholder Value; Harvard Business Review, (September 2006)^[13]

See also

• Management consulting

External links

• Web site: Alfred Rappaport. JSTOR.
• Book: Alfred Rappaport. John C. Bogle. John C. Bogle. Saving Capitalism From Short-Termism: How to Build Long-Term Value and Take Back Our Financial Future. 19 August 2011. McGraw Hill Professional. 978-0-07-173637-4.

Notes and References

1. Web site: Interview: Alfred Rappaport of Saving Capitalism from Short-Termism. GMI Ratings. 9 January 2015.
2. News: Rappaport . A . Analyze this . 9 July 2021 . The Economist . 31 March 2016.
3. Book: Creating Shareholder Value: The New Standard for Business Performance. 13 October 1999 . live. 2021-07-03 . . 978-0-684-84456-5 . en. https://web.archive.org/web/20210805035332/https://play.google.com/store/books/details/Creating_Shareholder_Value_A_Guide_For_Managers_An?id=bc0PjplGR5gC&hl=en_US . 2021-08-05 .
4. News: Hyperion to acquire Alcar . 9 July 2021 . Silicon Valley Business Journals . 3 April 2003.
5. News: Wayne . Leslie . 'REVERSE LBO'S' BRING RICHES . 9 July 2021 . New York Times . 23 April 1987.
6. Web site: 2015-01-22. L.E.K. Consulting adds seven new partners globally. 2021-03-11. www.consultancy.uk. en.
7. Book: Rappaport, Alfred. Creating Shareholder Value: A Guide For Managers And Investors. 1999-10-13. Simon and Schuster. 978-0-684-84456-5. en.
8. News: Rappaport . Alfred . Here Are Three Ways Investors Can Stack the Odds in Their Favor . 10 July 2021 . The Wall Street Journal . 25 February 1998.
9. Book: Kilroy. Denis. Customer Value, Shareholder Wealth, Community Wellbeing: A Roadmap for Companies and Investors. Schneider. Marvin. Springer. 2017. 9783319547749. 5. 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..
10. Web site: alfred rappaport . hbr.org . Harvard Business Review . 7 July 2021.
11. Web site: ABOUT THE AUTHORS . Expectations Investing . 3 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