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Stern has sat on the executive advisory committee of the William E. Simon School of Business at the University of Rochester and is a life member of the Council on Chicago Booth. He has taught business at Columbia University, the University of Michigan, Carnegie Mellon University, the University of Witwatersrand in Johannesburg, and the Australian Graduate School of Management in Sydney. Stern also is the author of the books Analytical Methods in Financial Planning and Measuring Corporate Performance, among others.