Reputation, Stock Price, and You

Why the Market Rewards Some Companies and Punishes Others

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Bibliografische Daten
ISBN/EAN: 9781430248903
Sprache: Englisch
Umfang: xi, 295 S.
Auflage: 1. Auflage 2012
Einband: kartoniertes Buch

Beschreibung

"All of our working lives we have heard the mantra, 'a reputation lost is never regained.' Still, the firms we work for, admire and invest in seem to take costly reputation hits all too often. Everyone interested in managing, regulating or investing in public firms will find Nir Kossovsky's book a wonderful read through reputations won, lost and regained over the last 20 years. This is the first book which goes beyond platitudes to explain how to spot value-destroying reputation risk and how to manage it or live with its consequences. Couldn't be more timely." -Tom Skwarek, Managing Director Structuring and Solutions Group, Unicredit Bank AG; previously Managing Director Corporate Strategic Solutions, Swiss Re. "There are fiduciary reasons why corporate directors would benefit from reading this book. There is also a personal benefit. The collapse of a company's reputation can stain the personal reputation of its directors." -George Miles, Member of the Board of Directors, AIG, EQT, Harley Davidson, HFF, and Wesco. "Nir Kossovsky has written a gripping tale, first educating the reader by distinguishing between corporate branding and reputation, then alarming us with case histories of mismanagement of corporate reputational crises, and finally reassuring all with a unique solution, i.e., insuring against the risk of reputational loss." -John H. Bennett, Partner, Global Brand Positioning, previously Chief Marketing Officer, Visa, Inc. "While directors know reputation is important, it often is treated as a vague 'good' until something bad happens. Nir Kossovsky does a great job, with many examples, of connecting reputation to stock price and to behaviors, before and after crises. If you are a director, a senior manager, or a regulator, you should read this book and remember the lessons it offers. There is no office which will restore reputation, but careful planning and quick response, as Nir points out, can make a big difference." -Herbert S. Winokur, Jr., former chairman on Enron's Board Finance Committee and a director of many for-profits and non-profits A company that takes a hit to its reputation-BP after the Gulf oil spill, Barclays after fiddling LIBOR, News Corp after the phone hacking scandal-enters a world of grief: market value falls along with employee morale, regulatory scrutiny increases, and customers defect and boycott. Reputation, Stock Price, and You: Why the Market Rewards Some Companies and Punishes Others shows how a company's reputation is created and how reputational value impacts corporate P&L and the personal finances of its many stakeholders. Better yet, it shows what you can do to profit from, increase, protect, monitor, evaluate, restore, and even insure reputational value. If your job, bonus, options, salary, or investments depend on the stock price of a public company-or on the sales, profitability, or value of a private company-you need to read this book to understand the concrete steps you can take to improve your firm's reputation, reduce risks to its finances and industry standing, and reap the highest reputational dividends. Using dozens of case studies, Reputation, Stock Price, and You: - Explains how stakeholders, and their expectations, both shape and are shaped by a company's reputation Describes how reputations for ethics, innovation, good governance, quality, safety, sustainability, and security are created and lost Explains why both corporate and individual stakeholder behavior affect reputational value Shows how you can influence the expectations and behaviors of stakeholders, which in turn can improve corporate finances, reduce operational risk, and increase stock price or market value Provides sensitive tools for tracking and predicting stock price as a function of reputational value metrics The majority of directors at U.S. public companies now count rep

Autorenportrait

Dr. Nir Kossovsky is an authority on business process risk and reputational value. With a career spanning the worlds of risk, probability, and intangibles, Kossovsky is cofounder, chief executive, and director of Steel City Re, reputational value specialists. Kossovsky holds more than a dozen patents, including an algorithmic reputational value measurement system currently enabling insurance solutions(patent pending), third-party investment strategies, and governance products. He is the executive secretary of the Intangible Asset Finance Society, a professional organization, for which he edits the Mission:Intangible blog under the nom de plume, Huygens.He served on the boards of Patent & License Exchange and Littlearth, Inc.; was a consultant to the FDA s medical device advisory panels; and is featured in case studies from Harvard and Darden Schools of Business. Formerly a practicing physician with an MD from the University of Chicago, Kossovsky earned an MBA from University of Southern California and a BA in Philosophy from University of Pittsburgh. Kossovsky was a tenured member of the faculty of the UCLA School of Medicine, Chief of the UCLA Medical Center s Autopsy Service, and a Deputy Coroner in Los Angeles County. He is a Trustee of Excela Health Systems, a community-based health care provider. He graduated from the US Navy War College and was honorably discharged with the rank of Captain from the US Navy Reserves. He is the author of more than 200 scholarly articles, lay articles,and books.