Recent shareholder lawsuits against prominent businesses, such as Apple and DuPont, have garnered headlines. However, the conflict between management and stockholders has lasted over a century. Dear Chairman traces the rise of 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 truly in control, by combining 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.
Jeff Gramm examines various eras and significant boardroom disputes from the last century in order to better understand the circumstances that have led to conflicts between shareholders and management. He utilizes the letters throughout to demonstrate how investors communicate with directors and managers, how they think about their target firms, and how they intend to benefit. Each one is a fascinating illustration of capitalism in action, portrayed through the eyes of its most colorful and prominent players.
Gramm has spent as much time analyzing CEOs and directors as he has attempting to understand and evaluate businesses as a hedge fund manager and adjunct lecturer at Columbia Business School. He's seen poorly run public corporations, as well as others that purposefully disenfranchise their shareholders. While praising public business investors' creativity, Gramm also uncovers examples of shareholder activism at its worst, such as when hedge funds arrange covert land grabs at the price of a company's long-term prospects. Finally, he provides investors, managers, and anyone concerned about the future of capitalism with a thorough, much-needed understanding of the public company/shareholder relationship.
Bandera Partners LLC, a New York-based investment firm created in 2006, has Jeff Gramm as a co-founder, partner, and portfolio manager. He was the Managing Director of Arklow Capital, LLC, a hedge fund manager specializing in distressed and value investments, prior to launching Bandera in 2006.
Thank you for going through this resource! If you find this helpful please LIKE, SHARE and SUBSCRIBE to our channel and click the notifications bell to get notified whenever we post a new video. We post everyday except on Weekends. You can subscribe now by clicking on the button below.
Why should you subscribe to our Youtube channel today? Subscribing to our channel helps you discover what's new & trending globally with regards to HR and business. Watch must-see videos, from employee to organisational education to the current business world and the Internet phenomena. The last handful of years saw a surge in the popularity of videos therefore you shouldn't miss out on trending content. This is because, videos are useful for more than entertainment and it has revolutionised how people connect. We have different types of videos on our hub which include demo videos, brand videos, event videos, expert interviews, educational or How-To videos, explainer videos, case study videos, testimonial videos, live videos etc.You can also catch up on our Podcasts if you are not interested in wathing videos. Thank you for watching if you have already started to watch or videos! If you find this helpful please LIKE, SHARE and SUBSCRIBE to our channel and click the notifications bell to get notified whenever we post a new video. We post everyday except on Weekends.