
Dear Chairman
Boardroom Battles and the Rise of Shareholder Activism
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Narrated by:
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David Drummond
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By:
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Jeff Gramm
About this listen
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 landgrabs 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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Story
Growing up in a tough Washington, D.C., neighborhood, Chris Wilson was so afraid for his life he wouldn't leave the house without a gun. One night, defending himself, he killed a man. At 18, he was sentenced to life in prison with no hope of parole. But what should have been the end of his story became the beginning. Deciding to make something of his life, Chris embarked on a journey of self-improvement - reading, working out, learning languages, even starting a business. He wrote his Master Plan: a list of all he expected to accomplish or acquire.
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"Read books that feed your soul."
- By Lighteyes214 on 03-17-20
By: Chris Wilson, and others
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Die Wise
- A Manifesto for Sanity and Soul
- By: Stephen Jenkinson
- Narrated by: Stephen Jenkinson
- Length: 18 hrs and 43 mins
- Unabridged
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Die Wise does not offer seven steps for coping with death. It does not suggest ways to make dying easier. It pours no honey to make the medicine go down. Instead, with lyrical prose, deep wisdom, and stories from his two decades of working with dying people and their families, Stephen Jenkinson places death at the center of the discussion and asks us to behold it in all its painful beauty. Die Wise teaches the skills of dying, skills that have to be learned in the course of living deeply and well.
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Wonderful book!
- By Kate on 12-22-16
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The Great Pretender
- The Undercover Mission That Changed Our Understanding of Madness
- By: Susannah Cahalan
- Narrated by: Christie Moreau, Susannah Cahalan
- Length: 11 hrs and 3 mins
- Unabridged
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For centuries, doctors have struggled to define mental illness - how do you diagnose it, how do you treat it, how do you even know what it is? In search of an answer, in the 1970s a Stanford psychologist named David Rosenhan and seven other people - sane, normal, well-adjusted members of society - went undercover into asylums around America to test the legitimacy of psychiatry's labels. Rosenhan's watershed study broke open the field of psychiatry, closing down institutions and changing mental health diagnosis forever.
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Important story of fraud really well told
- By ReallyNelie on 12-27-19
By: Susannah Cahalan
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Making It Home
- Life Lessons from a Season of Little League
- By: Teresa Strasser
- Narrated by: Teresa Strasser
- Length: 11 hrs and 55 mins
- Unabridged
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When her brother dies from cancer, and then her mother just four months later, Teresa Strasser has no one to mourn with but her irresponsible, cantankerous, trailerpark-dwelling father. He claims not to remember her chaotic childhood, but he’s a devoted grandpa, so as her son embarks on his first season pitching in Little League, Teresa and Nelson form a grief group of two in beach chairs lined up behind the first base line.
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So smart, insightful, and clever
- By Erin on 10-01-24
By: Teresa Strasser
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Attitude
- Develop a Winning Mindset on and off the Court
- By: Jay Wright, Michael Sheridan, Mark Dagostino, and others
- Narrated by: Michael Sheridan
- Length: 10 hrs and 2 mins
- Unabridged
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In this behind-the-scenes look at the making of a champion, the coach of the Villanova University men's basketball team shares his competitive and cooperative philosophy along with lessons from his coaching career and the story of his personal road to success.
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Nova Nation !
- By Anonymous on 11-16-17
By: Jay Wright, and others
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The Carolina Way
- Leadership Lessons from a Life in Coaching
- By: Dean Smith, Gerald D. Bell, John Kilgo
- Narrated by: Dean Smith, Gerald D. Bell, John Kilgo
- Length: 10 hrs and 41 mins
- Unabridged
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For 40 years, Dean Smith coached the University of North Carolina basketball team with unsurpassed success. Now, in The Carolina Way, he explains his coaching philosophy and shows listeners how to apply it to the leadership and team-building challenges they face in their own lives.
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Great story from beginning to end
- By Dennis Suhr on 10-28-24
By: Dean Smith, and others
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Burning Bright
- Rituals, Reiki, and Self-Care to Heal Burnout, Anxiety, and Stress
- By: Kelsey J. Patel
- Narrated by: Kelsey J. Patel
- Length: 12 hrs and 41 mins
- Unabridged
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When Kelsey Patel was struck by searing back pain in her 20s, she had no idea that repressed emotions could manifest as intense anxiety and physical pain. Her healing came from acknowledging the disharmony in her life, which led Patel to seek out the self-care techniques and practices that helped get her body, health, and emotions back into alignment: Reiki, Emotional Freedom Technique, yoga, and other practices.
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READ THIS
- By Julietta Amazon Customer on 05-24-20
By: Kelsey J. Patel
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Why Will No One Play with Me?
- The Play Better Plan to Help Children of All Ages Make Friends and Thrive
- By: Caroline Maguire, Teresa Barker
- Narrated by: Caroline Maguire
- Length: 11 hrs and 27 mins
- Unabridged
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From renowned parent expert Caroline Maguire, Why Will No One Play with Me? is a groundbreaking program that has helped thousands of children struggling with social skills to make friends, find acceptance, and have a happy childhood. Every parent wants their child to be okay - to have friends, to be successful, to feel comfortable in his or her own skin. But many children lack important social and executive functioning skills that allow them to navigate through the world with ease.
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Don't buy this audiobook
- By Kindle Customer on 10-15-21
By: Caroline Maguire, and others
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Stacked
- Your Super-Serious Guide to Modern Money Management
- By: Joe Saul-Sehy, Emily Guy Birken
- Narrated by: Joe Saul-Sehy, Emily Guy Birken, Julie - Ray Harrison
- Length: 9 hrs and 40 mins
- Unabridged
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Rich. Wealthy. Well-heeled. Moneyed. Affluent. Not bad — but why not get Stacked instead? If you’ve ever dreamed of a basic philosophy of money that’ll help you live bigger, be bolder, and laugh harder, you need this book. In these uncertain times, the basics matter more than ever. But for most of us, concepts such as investing, budgeting, and getting out of debt just don’t float our boats (or 150-foot yachts) — and so we put them off longer than we should.
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Great starter book to conceptualize finance
- By Rick B on 02-15-22
By: Joe Saul-Sehy, and others
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Renegade Beauty
- Reveal and Revive Your Natural Radiance - Beauty Secrets, Solutions, and Preparation
- By: Nadine Artemis, Carrie-Anne Moss - foreword
- Narrated by: Kate Marcin
- Length: 12 hrs and 6 mins
- Unabridged
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In this essential guide, Nadine Artemis introduces listeners to the concept of "renegade" beauty - a practice of doing less and allowing the elements and the life force of nature to revive the body, skin, and soul so our natural radiance can shine through. Anyone stuck in perpetual loops of new products, facials, and dermatologist appointments will find answers as Artemis illuminates the energizing elements of sun, fresh air, water, the Earth, and plants.
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Author's Awful Alliteration
- By Nikki B. Williams on 03-01-23
By: Nadine Artemis, and others
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Ghosts of the Orphanage
- A Story of Mysterious Deaths, a Conspiracy of Silence, and a Search for Justice
- By: Christine Kenneally
- Narrated by: Jodie Harris
- Length: 13 hrs and 18 mins
- Unabridged
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For much of the twentieth century, a series of terrible events—abuse, both physical and psychological, and even deaths—took places inside orphanages. The survivors have been trying to tell their astonishing stories for a long time, but disbelief, secrecy, and trauma have kept them from breaking through. For ten years, Christine Kenneally has been on a quest to uncover the harrowing truth.
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Different perspectives of a very familiar story
- By pam on 03-27-23
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Performing Under Pressure
- The Science of Doing Your Best When It Matters Most
- By: Hendrie Weisinger, J. P. Pawliw-Fry
- Narrated by: Michael Butler Murray
- Length: 11 hrs
- Unabridged
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Performing Under Pressure tackles the greatest obstacle to personal success, whether in a sales presentation, at home, on the golf course, interviewing for a job, or performing onstage at Carnegie Hall. Despite sports mythology, no one rises to the occasion under pressure and does better than they do in practice. The reality is pressure makes us do worse and sometimes leads us to fail utterly. But there are things we can do to diminish its effects on our performance.
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great book!
- By Family Account on 04-01-15
By: Hendrie Weisinger, and others
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Personality and Power
- Builders and Destroyers of Modern Europe
- By: Ian Kershaw
- Narrated by: Matt Bates
- Length: 17 hrs and 25 mins
- Unabridged
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From one of the leading historians of twentieth-century Europe and the author of the definitive biography of Hitler, Personality and Power is a masterful reckoning with how character conspired with opportunity to create the modern age’s uniquely devastating despots—and how and why other countries found better paths. The modern era saw the emergence of individuals who had command over a terrifying array of instruments of control, persuasion and death. Whole societies were reshaped and wars were fought, often with a merciless contempt for the most basic norms.
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Great book, but needs work on human groups
- By Thomas F. Winterbottom on 12-07-22
By: Ian Kershaw
The use of investor letters as the springboard for each story is a novel idea that works well. I applaud the inclusion of the appendix at the end reciting the letters verbatim, which works as a refresher of the book's stories and points out the stark changes in tone and approach that activist shareholders have taken. Having heard this, I feel much better grounded to understand today's corporate headlines, and the dynamics of governance.
Very worthwhile, fulfills its title
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I believe this is an education text book for new board members and active shareholders.
The Evolution of Corporate America
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It would be nice if reprinted letters were chaptered in the back
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Thoughtful commentary but not formatted for audiobook
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Fascinating stories, solid insights
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VERY WONKY BUT EXCELLENT FOR THE RIGHT AUDIENCE
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Great deep dives into specific/key activist situations in history
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It’s not the definitive bible on such matters, as opinions may vary, but it certainly serves a niche in the biz-lit market.
Corporate Governance for the masses
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Narrator is superb.
Excellent all around!
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Interesting Read
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