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Stephen F. O'Byrne is the President of Shareholder Value Advisors. He has more than thirty years of experience as a consultant to companies on compensation, performance measurement and valuation issues.  His publications include:

  • “A Better Way to Measure Operating Performance” in the Journal of Applied Corporate Finance (Summer 2016)

  • “Measuring and Improving Pay for Performance” in the Handbook of Board Governance, edited by Richard LeBlanc, Wiley (2016)

  • “The Alignment Gap Between Creating Value, Performance Measurement and Long-Term Incentive Design” (with Mark Van Clieaf) IRRC Institute (2014)

  • “Three Versions of Perfect Pay for Performance” in the Journal of Applied Corporate Finance (Winter 2014)

  • “How ‘Competitive Pay’ Undermines Pay for Performance”(with Mark Gressle) in the Journal of Applied Corporate Finance (Spring 2013)

  • “Achieving Pay for Performance” in the Conference Board Director Notes (December 2012)

  • “Six Factors That Explain Executive Pay (and its Problems)” (with Professor David Young of INSEAD) in the Journal of Applied Corporate Finance (Spring 2010)

  • “What Investors Need to Know About Executive Pay” (with David Young) in the Journal of Investing (Spring 2010)

  • “Why Capital Efficiency Measures Are Rarely Used in Incentive Plans, and How to Change That” (with David Young) in the Journal of Applied Corporate Finance (Spring 2009) 

  • “Why Executive Pay Is Failing” (with David Young) in the Harvard Business Review (June 2006)

  • EVA® and Value-Based Management (with David Young) McGraw-Hill (2001)  

  • "Executive Compensation" in the Handbook of Modern Finance (1997)

    He was previously a Senior Vice President of Stern Stewart & Co. and  a Principal of Towers Perrin. Mr. O’Byrne holds a B.A. degree in political science from the University of Chicago, an M.S. in Mathematics from Northwestern University and a J.D. from the University of Chicago. He is a certified public accountant, a member of the Illinois bar, a member of the New York CFA Society and a former Lecturer in Mathematics at Loyola University of Chicago.

Shareholder Value Advisors, Inc.