Value: The Four Cornerstones of Corporate Finance
Media coverage and praise for Value
The fatal attraction of profits and stock prices
Financial Times columnist John Authers explains why Value comes as a valuable relief to those seeking to escape the tyranny of short-termism.
Read more on the FT web site
Four cornerstones of corporate finance you should not ignore
Business Insider ran an excerpt from the book, explaining how the cornerstones keep executives anchored to what matters: value creation.
Read more on the Business Insider web site
This weekly newsletter summarizing US and international economic and financial news picked Value as its book of the week. It said: "While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out."
Keep it simple to understand value
FT management columnist Philip Delves Broughton said Value was "a helpful reminder about what matters when it comes to building shareholder value."
Read more on the FT website
Praise for Value
"Value will help senior leaders and their boards act on bold ideas for creating value in the businesses they lead. The four principles of value creation are a concise guide to growing and shaping companies."
—Ed Breen, Chairman and Chief Executive Officer, Tyco International Ltd.
"In a complex business world, we shouldn't overlook the relatively simple financial principles that underlie the creation of long-term shareholder value. This book gives corporate leaders a clear base of knowledge for creating and sustaining value under any economic, industry, or company circumstances."
—Dominic J. Caruso, Chief Financial Officer, Johnson & Johnson
"More than a handbook, this is the bible of value creation. It should be read by corporate leaders across the entire spectrum. It also reminds us not to ignore the abiding financial principles that guide companies to long-term value-creation."
—Stefan Krause, Chief Financial Officer, Member of the Management Board, Deutsche Bank AG
"A valuable source of guidance for business leaders who are focused on creating real, lasting value."
—Mark Loughridge, Senior Vice President and Chief Financial Officer, Finance and Enterprise Transformation, IBM Corporation
"A very useful, no-nonsense guide for creating shareholder value. Competition, capital structure, acquisitions, buybacks, dividends, and more—it's all here with straightforward principles and examples."
—Keith S. Sherin, Vice Chairman and Chief Financial Officer, General Electric Company
"If more owners and executives had the overriding objective of long-term value creation—and enough knowledge about how to create it—then our financial world would be a more stable one."
—Rajiv Singh, Vice Chairman, DLF Limited
"Value cuts through clutter and myopia to provide a sound foundation for leaders who are building enterprises that thrive and serve society."
—Daniel Vasella, MD, Chairman, Novartis AG