Overview

"Curing Corporate Short-Termism is a guide for senior managers who want to encourage more investment in the future of their companies, all while maintaining discipline around profitability and capital productivity. Many corporate practices create stiff headwinds for managers trying to grow their business. This book explores the process of developing a ""culture of ownership"" that overcomes these obstacles, including prescriptive methods on how to better set goals, develop plans, allocate resources, approve investments, make operating decisions, measure performance, and design better incentive compensation. Companies that embrace these principles produce long-term value that benefits not just the organization's shareholders, but all of its many stakeholders, including society at large."

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9781734155112

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Reviews

An effective playbook for creating sustainable value that benefits all stakeholders. -- Claus Aagaard, CFO, Mars Inc. As CEO of the first company to embrace the Fortuna Advisors framework, I can assure readers that this approach really works. Curing Corporate Short-Termism is an engaging explanation of why and how to get managers to think more like owners of the company. -- Bill Chiles, Board Member, Pelican Energy Partners (former CEO, Bristow Group) Curing Corporate Short-Termism describes many of the steps we have taken with our Varian Value Added performance metric (based on Fortuna's RCE) that bridges our strategic planning with operating actions, capital allocation, and performance measurement. This has helped transform our way of doing business. Our team is now living and breathing this as part of our business management system, resulting in investing more in the future while driving current performance. -- Gary E. Bischoping, Jr., Senior Vice President Finance & Chief Financial Officer, Varian Medical Systems Curing Corporate Short-Termism is a must-read for executives, investors, and board members. While the book may not eradicate corpo-rate short-termism, it identifi es the keys to long-term value creation and debunks the many myths, conventions, and biases that stand in its way. -- Scott Ostfeld, Partner & Co-Portfolio Manager, Jana Partners Curing Corporate Short-Termism is a thought-provoking book that goes well beyond synthesizing the key elements of shareholder value creation and gets to the nub of the behavioral issues holding back optimal intrinsic value creation. This book will be certain to advance our thinking in corporate fi nance. -- Paul Clancy, Executive Vice President & Chief Financial Offi cer, Alexion Pharmaceuticals

Author Information

Gregory V. Milano is the founder and chief executive officer of Fortuna Advisors LLC. A leading expert in capital allocation, behavioral finance, and incentive compensation design, he has nearly 30 years' experience in management consulting. Before founding Fortuna Advisors, he was a partner at Stern Stewart and a managing director at Credit Suisse. He began his career as flight systems design engineer with the Grumman Corporation. He has appeared on Bloomberg TV, CNBC and Sky Business News, and his research has been featured in Fortune, the Wall Street Journal, Financial Times, and the Journal of Applied Corporate Finance, among other publications.

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