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Billionaire Dan Loeb Slightly Shuffles Third Point's Top Picks,...

2015-05-22 06:17:47| Chemicals - Topix.net

Famous billionaire activist hedge-fund manager Dan Loeb of Third Point is renowned for the bombshells that he drops on the management of his target companies in the form of letters attacking their CEOs for their professional and/or personal failings. His letter to Sothebys highlighting CEO William F. Ruprecht's lack of strategic vision and extravagance, costing the shareholders of the company dearly, is just one such example.

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