The observed relation between central black hole mass and spheroid velocity
dispersion is interpreted in terms of a self-regulation model that incorporates
a viscous Keplerian accretion disk to feed the black hole, embedded in a
massive, self-gravitating star forming disk that eventually populates the
spheroid. The model leads to a constant ratio between black hole mass and
spheroid mass which is equal to the inverse of the critical Reynolds number for
the onset of turbulence in the accretion disk surrounding the central black
hole. Applying the fundamental plane correlation for spheroids, we find that
the black hole mass has a power-law dependence on the spheroid velocity
dispersion with a slope in the range of 4-5. We explain the larger scatter in
the Magorrian relation with respect to the black hole mass-spheroid velocity
dispersion relationship as a result of secular evolution of the spheroid that
primarily affects its luminosity and to a much lesser extent its velocity
dispersion.Comment: 12 pages, no figures, submitted to ApJ Letter