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ABOUT THE AUTHORS
Alfred Rappaport

Alfred Rappaport is the Leonard Spacek Professor Emeritus at Northwestern University’s J.L. Kellogg Graduate School of Management where he was a member of the faculty for twenty-eight years. His research focuses on the application of shareholder value to corporate planning, performance evaluation, and mergers and acquisitions. He is Shareholder Value Advisor to L.E.K. Consulting.
His widely acclaimed, pioneering book, Creating Shareholder Value: The New Standard for Business Performance, was published in 1986. An updated edition, Creating Shareholder Value: A Guide for Managers and Investors, was published in 1998. Rappaport has been a guest columnist for The Wall Street Journal, The New York Times and Business Week and has contributed over seventy articles to leading business and academic publications. He originated The Wall Street Journal Shareholder Scoreboard, a ranking by total shareholder returns of the 1,000 most valuable U.S. corporations published annually since 1996. He lives in La Jolla, California.
Michael Mauboussin

Michael Mauboussin is the Chief Investment Strategist at Legg Mason Capital Management.
Mr. Mauboussin is an acknowledged leader in the application of value-based tools in security analysis, and has lectured and published widely on the subject. He is an adjunct professor of finance at Columbia Graduate School of Business. Mr. Mauboussin is the former President of the Consumer Analyst Group of New York and has been repeatedly named to Institutional Investor's All-America research team and the Wall Street Journal All-Star survey in the food industry category.
Mr. Mauboussin received a B.A. in government from Georgetown University. He is also on the Board of Trustees at the Santa Fe Institute, a leading center for multi-disciplinary research in complex systems theory. He lives in Darien, Connecticut.
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