This is CBS I on the world. Here's John Bachelor.

It is 1947 Hoboken, New Jersey, the Union Club, the Corner of Broadway and Rector Street,

a meeting of the U.S. Steel Board with the stockholders represented by very few people scattered across the

room.

This is a gritty part of Hoboken, New Jersey I learn in a new book, Fearless, Wilma

Sauce, and America's Forgotten Investor Movement.

I welcome Professor Janice Trafflet and her colleague Robert Wright, co-author,

introduce me into this meeting and what we're going to learn about a young person at the time,

she's 47 years old, Wilma Sauce, an inspiration to everyone who wants to confront power in the same room.

Professor, a very good day to you, thank you. Wilma Soss at this point has been to the meeting the year before and did not like how the meeting

was conducted by Irving Olds, the chairman of U.S. Steel.

What didn't she like and what does she do that day?

Good evening to you.

Well, first of all, thank you so much for having me on and I'm delighted to talk about

Wilma Sauce.

Wilma Sauce was an incredibly successful PR, a pioneer,

and she in 1946, the year before you opened the scene with, had gone to her first shareholder meeting, even though at the time, she, when she went to this meeting, she wasn't sure what she wanted to accomplish from it, but she wanted to go to the meeting and find out more about the company.

And in 1946, when she went to this first shareholder meeting,

she felt that small investors got the brush off which irritated her and she was a product of

Columbia School of Journalism and she wanted to get the story and find out the facts about the company and she was also upset that U.S. Steel had no woman on the board at the time no Fortune 500 company had any woman on any of their boards.

And she went back the next year and decided to speak up at the meeting.

And when she spoke up, she said that she had no prior,

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