Stern Stewart & Co

Last updated
Stern Stewart & Co.
Incorporated partnership
Industry Management consulting
Founded 1982
Founder Joel M. Stern
G. Bennett Stewart III
Headquarters Munich, Germany
Key people
Markus Pertl (MD)
Services Management consulting services
Number of employees
80 (2012)

Stern Stewart & Co. is a consulting company founded in New York in 1982 by Joel M. Stern and G. Bennett Stewart III.

Joel M. Stern is Chairman and Chief Executive Officer of Stern Value Management, formerly Stern Stewart & Co, and the creator and developer of economic value added (EVA). He is a recognised authority on financial economics, corporate performance measurement, corporate valuation and incentive compensation and is a pioneer and leading advocate of the concept of shareholder value. He is also active in academia, and in the media.

Stern Stewart & Co. is specialized in value-based management and offers its services primarily in the areas of portfolio strategy, portfolio valuation and corporate management. The company has 15 offices on six continents, in Germany it is based in Munich.

Shareholder value is a business term, sometimes phrased as shareholder value maximization or as the shareholder value model, which implies that the ultimate measure of a company's success is the extent to which it enriches shareholders. It became popular during the 1980s, and is particularly associated with former CEO of General Electric, Jack Welch.

The Stern Stewart Institute leads several social projects in Africa e.g. in Burkina Faso.

Burkina Faso country in Africa

Burkina Faso is a landlocked country in West Africa. It covers an area of around 274,200 square kilometres (105,900 sq mi) and is surrounded by six countries: Mali to the north; Niger to the east; Benin to the southeast; Togo and Ghana to the south; and Ivory Coast to the southwest. The July 2018 population estimate by the United Nations was 19,751,651. Burkina Faso is a francophone country, with French as the official language of government and business. Roughly 40% of the population speaks the Mossi language. Formerly called the Republic of Upper Volta (1958–1984), the country was renamed "Burkina Faso" on 4 August 1984 by then-President Thomas Sankara. Its citizens are known as Burkinabé. Its capital is Ouagadougou.

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Stewart Enterprises, Inc. was the second largest provider of funeral and cemetery services in the United States. The company is headquartered in Jefferson, Louisiana and employs nearly 5,400 people in 218 funeral homes and 140 cemeteries in 24 states and Puerto Rico. The company is publicly traded and listed on NASDAQ under the ticker symbol STEI. Frank B. Stewart, Jr. serves as chairman of the board. Thomas J. Crawford is president and chief executive officer. Thomas M. Kitchen is senior executive vice president and chief financial officer. In December 2013, SCI completed its previously announced acquisition of Stewart Enterprises.

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