I made $50 million. This person notes, With every billion dollars [youd think] theres another equivalent of five years of finishing school, but theres not. [11] He then worked as director of corporate development at Island Records, a record label, where he focused on securing debt financing. board for himself, former NBC Universal CEO Jeff Zucker, former Goldman Sachs executive Harry Wilson and former MTV Networks executive Michael J. Or credit a source? After Third Point had become the companys largest shareholder, Loeb sent his Sothebys letter on October 2 to William F. Ruprecht, the widely respected chairman and chief executive officer, who has been at the auction house for 33 years. Packaging them in the form of letters to corporate C.E.O.s (and sometimes to his hedge-fund colleagues), Loeb excoriates his targets publicly, not only for their professional performance but also often for their personal behavior. After shorting the stock of small-cap companies (generally defined as those worth between $300 million and $2 billion), Mr. View Margaret Davidson Munzer's record in New York, NY including current phone number, address, relatives, background check report, and property record with Whitepages. Margaret Davidson Munzer, 50. Amazon is in second place with a value of $661 million. Erica Michelle Levy 5 Facts About Geraldo Rivera's Wife His mother is a Melville scholar who writes under the name Clare L. Spark; she is the author of ''Hunting Captain Ahab,'' (Kent State University Press, 2001). To have this guy portraying it that Sony management is the bad stepchild and doesnt know what it is doing and hes going to fix it? I think what happened was he had a good couple of years. If I had to guess, he sees himself as a phenomenal filterer of other peoples investment ideas, and maybe thats the source of a behavior normally attendant on someone hopelessly insecure., One of three children, Loeb grew up in Santa Monica Canyon, north of Los Angeles. Third Point was up over 20 percent in 2012 and is up 13 percent so far in 2013. Margaret Davidson Profiles | Facebook Its luxurious cabin and high-performance capabilities make it a popular choice for those who demand the best in their business aviation needs. . This Is Not a Drill: Rihanna Made It to the Met Gala. A friend of Loebs says that publicly humiliating Ackman is massively stupid on multiple dimensions. He never, ever in a million years would have written these posts back in 2008 when he was down nearly 50 percent and nearly blew up. . Arguing that Sothebys suffered from a lack of leadership and strategic vision at its highest levels, Loeb then blasted Ruprecht for his 2012 compensation of $6.3 million, as well as any number of perksmemberships in elite country clubs, car allowances, and tax-preparation servicesthat invoked the long-gone era of imperial CEOs. He also relayed the story of an extravagant lunch and dinner at Blue Hill restaurant, in Manhattan, where, he said, Sothebys management feasted on organic delicacies and imbibed vintage wines at a cost to shareholders of multiple hundreds of thousands of dollars. Loeb demanded Ruprechts resignation and wrote that he would like to join the board immediately to begin a search for a new C.E.O. Dan Loeb lives with hiswife Margaret Davidson Munzer in a large house in East Hampton, New York. Save this record and choose the information you want to add to your family tree. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. [33], Actor George Clooney, whose Smokehouse Pictures production company has a contract with Sony's entertainment division, publicly opposed the proposal.[why? As a hedge-fund competitor observed, The guy almost went out of business in 2008. . He no longer shorts small-cap detritus, as one of his peers described the strategy Loeb pursued for years. [3][6][7] In high school, he took AP classes, started a skateboard company, and was nicknamed "Milo Minderbinder" by one of his teachers (after a character in the novel Catch-22 who had a fascination with the stock market). Pink would make vicious comments which would often drive down their stock prices. Join Facebook to connect with Margaret Davidson and others you may know. Your email address will not be published. ), Loebs retreat inspired Nikki Finke, the doyenne of entertainment-business reporters, to write an extraordinary August 6 column on her Web site, Deadline Hollywood, which she had sold in 2009 to Jay Penske, who then bought Variety. This time his target was Sothebys, the international auction house, founded in 1744, that, along with chief rival Christies, owns the high-end business of reselling the art, real estate, jewelry, furniture, and other knickknacks of the wealthy. Margaret Munson was an avid reader from an early age. Her mother is Nancy, ne Malevan. says CEO Scott Thompson does not have computer science degree", "Exclusive: Yahoo's Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion", "Yahoo CEO out, investor Loeb gets board seats", "Activist Investor to Step Down From Yahoo Board", "Sony Directors Discuss Loeb's Proposal for Entertainment IPO", "Third Point ups Sony stake, calls for independent entertainment board", "Sony Said to Hire Morgan Stanley, Citigroup for Loeb Plan", George Clooney Rebuts Loeb's Critique of Sony, "George Clooney slams Daniel Loeb over Sony", "Sony Taking Loeb Breakup Advice Better Late Than Never: Real M&A", "Activist investor Dan Loeb sells stake in Sony Corp", "Daniel Loeb, Third Point Exit Sony Investment", "Sotheby's Picks Sports Executive as New CEO", "Samsung Fight Exposes Tension in Asia Over Activist Investors", "Third Point: Fanuc Taking 'Important Steps' to Reward Shareholders", "Life After Loeb: Ligand Pharmaceuticals Prospers In Stripped-Down Mode", "7-Eleven CEO Resigns as Loeb's Hedge Fund Prevails in Japan Boardroom Fight", "Loeb Prevails in Latest Crusade to Reform Corporate Japan", "You're About to See More 7-Elevens In Your Town", "Third Point, a Hedge Fund, Sets Its Activist Sights on Nestl", "Daniel Loeb Portfolio / Third Point LLC Holdings", "Billionaire investor Dan Loeb follows Warren Buffett and Marc Benioff into Snowflake | Markets Insider", "In 2004, Loeb sent a letter to InterCept's chairman and CEO John Collins calling them the 'worst' management team", "Some Funds Taking Role Far Beyond Just Investor", "When Quitting Is Not An Option How You Can Find Purpose And Fulfillment Through Your Career", "Could this be the key to success on Wall Street? Amy Robbins 37, wife of Larry RobbinsRobbins was a banker before becoming a partner in her husbands fund. announced that Thompson would be stepping down, and nominated Loeb, Wilson and Wolf to the Yahoo! She told the New Yorker last year that she and Icahn take nightly baths together in a huge tub in their duplex penthouse off Fifth Avenue. A person there reported that Ackman went up to Loeb, said hello, then added about Herbalife, Look, you really shouldnt have done that, to which Loeb replied, Why?
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