Dear Chairman

Boardroom Battles and the Rise of Shareholder Activism
eAudio - unabridged
Audio (10.22 hours)
Product Number: Z100099186
Released: Feb 23, 2016
Business Term: Purchase
ISBN: #9780062445049
Narrator/s: David Drummond
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Description

A sharp and illuminating history of one of capitalism's longest running tensions—the conflicts of interest among public company directors, managers, and shareholders—told through entertaining case studies and original letters from some of our most legendary and controversial investors and activists. Recent disputes between shareholders and major corporations, including Apple and DuPont, have made headlines. But the struggle between management and those who own stock has been going on for nearly a century. Mixing never-before-published and rare, original letters from Wall Street icons—including Benjamin Graham, Warren Buffett, Ross Perot, Carl Icahn, and Daniel Loeb—with masterful scholarship and professional insight, Dear Chairman traces the rise in shareholder activism from the 1920s to today, and provides an invaluable and unprecedented perspective on what it means to be a public company, including how they work and who is really in control. Jeff Gramm analyzes different eras and pivotal boardroom battles from the last century to understand the factors that have caused shareholders and management to collide. Throughout, he uses the letters to show how investors interact with directors and managers, how they think about their target companies, and how they plan to profit. Each is a fascinating example of capitalism at work told through the voices of its most colorful, influential participants. A hedge fund manager and an adjunct professor at Columbia Business School, Gramm has spent as much time evaluating CEOs and directors as he has trying to understand and value businesses. He has seen public companies that are poorly run, and some that willfully disenfranchise their shareholders. While he pays tribute to the ingenuity of public company investors, Gramm also exposes examples of shareholder activism at its very worst, when hedge funds engineer stealthy land-grabs at the expense of a company's long term prospects. Ultimately, he provides a thorough, much-needed understanding of the public company/shareholder relationship for investors, managers, and everyone concerned with the future of capitalism.

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Author(s): Jeff Gramm
Original Publish Date: Feb 23, 2016

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Dear Chairman
Product Number: BX00055276
Product Number:Z100099186
Product Number:DD23886

All formats/editions

CD
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Author(s): Jeff Gramm
Narrator(s): David Drummond
Product Number DD23886
Released: Feb 23, 2016
Business Term: Purchase
ISBN: #9781504695671
eBook
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Author(s): Jeff Gramm
Product Number EB00612406
Released: Feb 23, 2016
Business Term: 26 Circ
Publisher: HarperBusiness
ISBN: #9780062369840

Professional reviews

"This audiobook is aimed at listeners who are interested in the conflicts that can occur between corporate board members, professional managers, and shareholders. It uses profiles and well-drawn insights to show how such conflicts have played out over the past 90 years. Narrator David Drummond's phrasing and diction make everything clear, and his tone is rich and masculine. But his palette of pitch patterns sounds limited, making the overall performance repetitive. Thus, it falls to the content to hold one's attention, and it does so to great effect because the author is a savvy hedge fund manager who is well versed in the politics of unhappy shareholder initiatives. His descriptions of palace coups and behind-the-scenes scheming provide a valuable glimpse of how power is fought over in these realms. T.W. © AudioFile 2016, Portland, Maine"

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