The story
Founded by Joel Stern in 1982.1
Private company
Logo: Stern Stewart & Co., Public domain, via Wikimedia Commons3
German company based in Munich, founded in 19821
Joel M. Stern (died May 21, 2019) was chairman and chief executive officer of Stern Value Management, formerly Stern Stewart & Co, and the creator and developer of "economic value added". He was a recognised authority on financial economics, corporate performance measurement, corporate valuation and incentive compensation. He was a pioneer and leading advocate of the concept of shareholder value.2 It was founded by Joel Stern.1 Wikipedia text CC BY-SA 4.0
Last updated Oct 21, 2026.
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Joel M. Stern (died May 21, 2019) was chairman and chief executive officer of Stern Value Management, formerly Stern Stewart & Co, and the creator and developer of "economic value added". He was a recognised authority on financial economics, corporate performance measurement, corporate valuation and incentive compensation. He was a pioneer and leading advocate of the concept of shareholder value. He was also active in academia, and in the media.2
Founded by Joel Stern in 1982.1
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