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This is a closer look with Arthur Leavitt.

Arthur Leavitt is a former chairman with Arthur Leavitt.

Arthur Leavitt is a former chairman of the U.S. Securities and Exchange Commission,

a Bloomberg LP Board member, and a senior advisor to the Promontory Financial Group.

Jeff Graham is a manager. the Promontory Financial Group.

Jeff Graham is a managing director at Bandera Partners, a value-oriented hedge fund.

He's an adjunct professor at Columbia Business School, and he has just published his first book,

Dear Chairman, Boardroom Battles in the Rise of shareholder activism.

Dear Chairman uses a number of key case studies from the 1920s to today

and never before seen letters from Wall Street icons to give an account of the history of shareholder activism.

This book provides a thorough and much needed understanding of the public company, shareholder relationship for investors, managers, and everyone concerned with the future of capitalism.

He joins me now for a closer look.

Jeff, you've said that you've always had a passion for writing and thought that one day you

write a book. How did you decide that shareholder activism would be the main topic of

that book?

Well, I've always had a collection of these kind of angry 13d letters

...