Tim is a core leader of the Corporate Finance Practice. During his more than 28 years of consulting, Tim has served clients globally on value creation, corporate strategy, capital-markets issues, and M&A transactions.
Tim is the lead author of Valuation: Measuring and Managing the Value of Companies (John Wiley & Sons, 2015). Valuation, now in its sixth edition, has sold more than 600,000 copies. It is used as a textbook at top business schools, such as Wharton, the University of Chicago, MIT, INSEAD, Tuck, and Northwestern. Tim is also the lead author of Value: The Four Cornerstones of Corporate Finance (John Wiley & Sons, 2010). Value aims to help senior executives, board members, and nonfinancial executives to understand the linkages between strategic decisions and value creation, as well as to have the courage to focus on true value creation rather than the latest fads and misconceptions.
Examples of his work:
- corporate strategy: global chemical company, leading diversified industrial company, global agricultural-products company, leading European transportation company, leading specialty pharmaceutical company, European oil and gas company
- acquisitions/divestitures: global consumer packaged goods, global technology company, leading medical-device company, global chemical company, leading US media company
- capital structure/share repurchase: global diversified industrial company, global insurance-services company, global information provider
- investor strategy/communications: global chemical company, European oil and gas company
- risk management: European energy company, US energy-services company
Tim leads McKinsey's Strategy & Trend Analysis Center, our firm's hub for financial and capital-market analysis and valuation. The group helps clients identify and prioritize value-creating corporate strategies and understand how their shares are valued by the stock market. He also leads our corporate-finance and capital-markets research, including the development and maintenance of our corporate-performance database.
Additionally, Tim is the founder of McKinsey on Finance, our quarterly publication of McKinsey's research on corporate finance. He has written extensively on valuation and capital-markets issues, including articles for the Harvard Business Review and other publications.
Before joining McKinsey, Tim was a vice president at Stern Stewart & Company, a leading value-based management-advisory firm, where he helped develop key financial-analytical tools and software. He has also lectured at business schools, such as the University of Chicago, Northwestern, Tuck, Yale, and INSEAD.
Tim serves as chairman of the board of Pathways to College and is a trustee of Hampshire College.
"Creating value: An interactive tutorial," McKinsey & Company, November 2010
"Look out below: Why returns are headed lower, and what to do about it," McKinsey & Company, November 2016
"Bracing for a new era of lower investment returns," McKinsey & Company, July 2016
"Are share buybacks jeopardizing future growth?,"
McKinsey & Company, October 2015
"The new global competition for corporate profits," McKinsey Global Institute, September 2015
Valuation: Measuring and Managing the Value of Companies, John Wiley & Sons, August 2015
"Getting a better handle on currency risk," McKinsey & Company, July 2015
"A hidden roadblock in public-infrastructure projects," McKinsey & Company, June 2015
"The real business of business," McKinsey & Company, March 2015
"Are you getting all you can from your board of directors?," McKinsey & Company, November 2014
"What's behind this year's buoyant market?," McKinsey & Company, October 2014
"Goodwill shunting: How to better manage write-downs," McKinsey & Company, June 2014
"Building a better income statement," McKinsey & Company, November 2013
Value: The Four Cornerstones of Corporate Finance, John Wiley & Sons, November 2010
Stern Stewart & Company
University of Chicago
Loyola Marymount University
BS, economics and accounting