How Benjamin Graham Revolutionized Shareholder Activism

May 17 (Bloomberg) -- Today, Benjamin Graham is knownprimarily as Warren Buffett’s investing mentor and the author ofmultiple classics about value investing. Toward the end of hislife, in the 1973 edition of “The Intelligent Investor,”Graham wrote, “Ever since 1934 we have argued in our writingsfor a more intelligent and energetic attitude by stockholderstoward their managements”.

Even before the 1934 publication of his first book (co-written with David Dodd), Graham had shared his wisdom regardingthe rights of shareholders through the financial press of thatera. Graham’s 1932 series of articles for Forbes -- whichfeatured headlines such as “Are Corporations Milking TheirOwners?” and “Should Rich Corporations Return Stockholders’Cash?” -- is probably his most notable contribution.