Joel M. Stern is CEO of Stern Stewart & Co. He has been a pioneer and leading advocate of the concept of managing for shareholder value. Mr. Stern is a recognized authority on financial economics, corporate performance measurement, corporate valuation, and incentive compensation. He is an adjunct professor at six Graduate Schools of Business, including Columbia University in New York, Carnegie Mellon University in Pittsburgh, The University of Chicago, Old Dominion University in Norfolk, Virginia, and The Interdisciplinary Center, Herzliya Israel. He is a visiting professor at the University of Cape Town in South Africa.

Mr. Stern also is a member of the Mont Pelerin Society and formerly served on the Board of Trustees of the Reason Foundation. He has been widely published and has appeared on national business news programs, including CNN's Moneyline and Wall Street Week with Louis Rukeyser, where he was a rotating panelist for 17 years. He was a financial policy columnist for The Financial Times of London and The Sunday Times of London. Mr. Stern has authored and co-authored numerous books on finance and speaks frequently to executive audiences at conferences and seminars, including the Financial Executives Institute and the Planning Forum.