EVA: The Real Key to Creating Wealth

Rating:
Summary: Easy, simple, understandable to anyone
Review: Al's book is a great collection of successfull EVA case studies. It is not intended to be "The EVA book" for financiers. It does what it is supposed to do: Give simple and powerfull examples on the concepts and applicability of EVA to real world companies. One of the strongest aspects of the book is to give examples of EVA implementation on a broad set of industries. The case of US Postal Service is especially powerfull.

Rating:
Summary: reviewers pls be more truthful
Review: Al's book is a great collection of successfull EVA case studies. It is not intended to be "The EVA book" for financiers. It does what it is supposed to do: Give simple and powerfull examples on the concepts and applicability of EVA to real world companies. One of the strongest aspects of the book is to give examples of EVA implementation on a broad set of industries. The case of US Postal Service is especially powerfull.

Rating:
Summary: A commercial for Stern Stewart. Not much content.
Review: EVA, the ... creating wealth starts of in a nice pace laying some of the ground work to why companies should move to an EVA view on their business performance. However, after a chapter or so one might expect that the book shifts its focus to showing how to implement EVA in a real life organization. It is especially in this area that the books seriously lacks content. The numbers of all the SternStewart clients look great but not a single "How-to-EVA" step can be found in the book. The book stops after the sales pitch and expects the reader to contact SternStewart to take it from there. It is for this reason that I do not feel any economic value added from this book, and do not recommend others to lock up any capital or effort into this book.

Bottom line: nice concept, no content

Rating:
Summary: reviewers pls be more truthful
Review: how could someone give it a five stars rating when in fact there is nothing in this book that really tell you much about eva except the fact that it improves company performance, not the how and why,

Rating:
Summary: Give me a break!
Review: I bought this book based on the glowing reviews below, but as it turned out, the only reveiwer telling the truth was the one who calls this book a big commercial for Stern-Stewart.

Yes, EVA is a valuable, useful tool that has brought accounting out of the dark ages, but you already knew that -- that's why you're looking for books on EVA, right? Unfortunately, this particular book goes to a lot of trouble to try to convince you of what I just stated in the previous sentence. There. Now you don't need to buy this book.

I wish I could tell you which book to buy about how to practically implement EVA in your company, but, unfortunately, I'm still looking for a book that does that.

Rating:
Summary: A fresh look at management.
Review: With EVA, Economic Value Added, Stern Stewart may well have found the Holy Grail of business management. By harnessing a more realistic view of the cost of capital to a singularly uncomplicated system of compensation to management aimed at the creation of shareholder wealth, EVA represents a kind of Grand Unified Theory of business success.

Al Ehrbar has written an very elegant, lucid and readable explanation of EVA. Anyone involved in any business of any kind, either as owner, manager or investor, can only profit from reading this book.