. 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). Loeb picked yet another high-profile fight last December, this one with his onetime friend Bill Ackman, the billionaire hedge-fund manager at Pershing Square. He also decided to give $3 million, instead of $2 million, to Success Academy Charter Schools, a network of 22 New York City charter schools, which many teachers see as undermining public education. ISSUES: EDUCATION: The Loebs' education philanthropy aims to "ensure all children have equal access to high quality education." 3:00pm - 4:39pm CT. Alamo Lamar. She earned a Masters degree from the New York University Silver School of Social Work. I think it was a very powerful enforcer early on to like business," he told the audience at the Jewish Enrichment Center in 2009. school initiatives is the "Let Grow Project," a homework assignment that boils down to this: "Go home and do something new, on your own, without your parents." Margaret Munzer Loeb 34, wife of Daniel Loeb Munzer Loeb, a former yoga instructor and graduate of Brown and NYU's School of Social Work, married then-man-about-town Loeb in July 2004.. But that never happened. Here's an excerpt from an email he sent in Dec. 2010: It is that time of year and I just thought of the perfect gift in light of some of you. I apologize to Senator Stewart-Cousins and anyone I offended., Get our latest stories in the feed of your favorite networks. Daniel Loeb and his wife, Margaret Munzer Loeb, recently donated $15 million to Mount Sinai Hospital to fund the Ronald M. Loeb Center for Alzheimer's disease. Today, the billionaire activist investor oversees around $17.5 billion in assets. No one took him terribly seriously. (I guess they determined that the former was the more expeditious course)". A guy from a hedge fund entity is the single least qualified person to be making these kinds of judgments, and he is dangerous to our industry. Nowadays, Loeb is back and more successful than ever. Her mother works in Bridgewater Crossings, N.J., for Aventis, the French pharmaceuticals maker, for which she is the director of media relations for the company's United States operations. To revist this article, visit My Profile, then View saved stories. (Hes said to be shopping it and has told friends a Russian has offered him $300 million for it.) So who is this activist investor? LS: Is this just an upper-crust New York City thing? I really just started buying art as a passion, hedge-fund manager Daniel S. Loeb once told. His great aunt, Ruth Handler, and his great uncle, Elliot Handler, were founders of Mattel. You just dont care. And I think hes a very calculating, Machiavellian guy. One company targeted was Hitsgalore.com Inc., an early Internet firm that soared and then crashed. 1910 United States Federal Census. 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. His work ethic was formidable. A few years ago,challenged three Navy Seals to participate in a half Ironman with him. ARTnews is a part of Penske Media Corporation. Sam Richardson Is Happy That the Kids Are Finding. "Chasing Childhood" marks Margaret Munzer Loeb and Eden Wurmfeld's directorial debut. I remember how scared Dan sounded when describing the incident involving his hitting a local Cuban kid with his car, recalls Chapman. The actress shares her days as a soccer player and how she manages expectations as a Latina in Hollywood. Prior to Lehman Brothers' demise, Loeb was running around $5 billion in AUM. Loeb claimed the Herbalife stock would be worth as much as $68 a share and give his investors a 4070 percent upside. When, in February, activist investor Carl Icahn joined the fray in a big way on Loebs sideand the stock rallied into the mid-$40sLoeb sold out, well short of his projected price target. Contemporary art; Feminist art; Postwar art. Adds a competitor who knows him well, I think Loeb has got an enormous ego. After their nuptials, the couple moved to Boyd, Texas -where Angie still lives. leadership class at Goldman Sachs called Pine Street, Harry Potter and the Chamber of Secrets screencap, revealed Yahoo's CEO Scott Thompson had a huge inaccuracy in his biography regarding his college degree, as a chance to increase his support for Success. . 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. Rather than intimidate me, [the accusations of conflict of interest] had the effect of redoubling my commitment and making me realize how important our work is because these kids face such obstacles, he told Bloomberg. . "I associated success in business with Hot Wheels and Barbie dolls. Over the last five years, he has become a way better risk manager., Chapman basically agrees. Margaret Munzer Loeb is a graduate of Brown University and earned a master's degree in social work from New York University. Support PEN America. He made himself about $400 million or $500 million, Scaramucci says. 11.18.2020 2:45 PM. Loeb studied economics. He accused Yahoo co-founder Jerry Yang and board chairman Roy Bostock of strategic bungling. When he still failed to gain the four seats on the board he coveted, he got down and dirty, revealing that the companys new C.E.O., Scott Thompson, had claimed two degreesin accounting and computer sciencefrom Stonehill College, when he had only one, in accounting. Sheriff's Employee Embezzled Funds in Keeping with the Spirit of Civil Asset Forfeiture. Children's lives are consumed with wall-to-wall activities and constant monitoring-the overprotected, over-directed, Read all. Directors: Margaret Munzer Loeb, Eden Wurmfeld. Vanity Fair may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. (He definitely looks younger than 53). We urgently need more resources to find a cure or effective prevention," he said. The Loeb's8-bedroom,10,700 square-foot penthouse condo in the Upper West Side, which he bought for a record-breaking $45 million in 2005 before the building was even constructed. . The submission deadline for the Free Expression Student Essay Competition has been extended till March 8! Thescathing letters, written to spur shakeups and CEO replacements, cut right to the chase. Sacks, known for his literary works Awakenings and The Man Who Mistook His Wife for a Hat, was a fearless explorer of unknown cognitive . Loeb thought that if you're a good trader and you put up the numbers that the business would take care of itself. His job there was to secure debt financing. Making a peanut butter and jelly sandwichfirst of all, God forbid, peanut butter. Margaret Munzer Loeb. During his talk at the Jewish Enrichment Center in 2009, Loeb said that he has a "secret spot" in the Caribbean and he second favorite place in the world to surf is in Indonesia. I didn't go to a business school. grew up in sunny Santa Monica, California. "I thought 'Oh my God. He said that's always followed art and after going to a collector's show at the MoMa he just really got into it. "I used to fantasize how I would start my fundI'd do logos, like this was really like a dream of mine to get this thing going," he said. PETITE MAMAN directed by Cline Sciamma. She earned a Master's degree from the New York University Silver School of Social Work. Loeb, who waged a proxy fight with Yahoo, also played a role in bringing in Marissa Mayer as the new CEO. He owns a 200-foot yacht, once named April Fool, which he bought earlier this year for around $52 million from Sandy Weill, the financier behind the creation of Citigroup. . According to The Wall Street Journal, Finkes call to arms mysteriously disappeared from the Web site, and then later mysteriously reappeared. As one fund manager recently put it, "he's one of. Together with her husband, Daniel Loeb, she has supported numerous organizations to improve access for all children to high quality education and to promote the performing and visual arts, among other causes. Is there any chance this could lead to prison time? The film is executive produced by Loeb and produced by Lisa Eisenpresser and Wurmfeld. . In 2014, Francine, a social scientist based in Los Angeles, and her partners . Margaret Munzer Loeb Producer | Director + Add or change photo on IMDbPro Margaret Munzer Loeb is known for Chasing Childhood (2020), Roost (2022) and Oliver Sacks: His Own Life (2019). Tree forts have vanished. . Loeb used to get himself into trouble in the schoolyard with his big mouth. Her father is a partner in Munzer & Saunders, a New York law firm. "I've enjoyed art ever since, I'll tell you when, I went to Columbia. He thinks nothing of hopping on his Gulfstream IV (recently upgraded to a newer model, friends say) to jet to the Mentawai Islands, in Indonesia, to go surfing. Loeb did a stint at Chris Blackwell's Island Records where he worked as director of corporate development. Loeb, who is one of the founders of the hedge fund Third Point, and his wife, Marguerite Munzer Loeb, own a robust collection of contemporary art that includes works by Richard Prince, Mike. It didnt help his investment decisions. He is a trustee of Prep for Prep, an organization in New York that provides private-school scholarships to impoverished students. super PAC, which primarily supports Democratic women candidates. Submit an essay on the topic of free expression for a chance to have your work read by our judges and win a prize of up to $2,000. Loeb should learn his actions have consequences.. Loeb's great aunt was the creator of the Barbie doll. Going out and making a lifelong enemy out of a very powerful and influential guy, its just bizarre because its not necessary. Margaret Munzer Loeb has given the maximum $5,400 to Gillibrand, Mark Warner (D-Va.) and Rep. Josh Gottheimer (D-N.J.). Loeb found himself widely criticized in 2017 after posting on Facebook, Hypocrites like [New York State Senator Andrea] Stewart-Cousins who pay fealty to powerful union thugs and bosses do more damage to people of color than anyone who has ever donned a hood, apparently referring to views on charter schools, according to a report in the, Loeb later deleted the post and issued a statement that reads, in part, I regret the language I used in expressing my passion for educational choice. Forbes pegs his net worth at $1.3 billion. | 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. I think hes got a bit of a Napoleonic thing. According to her wedding announcement, her father is an associate in Munzer & Saunders, a New York law firm. In today's highly charged world of structure, stranger danger, and helicopter parenting, free play in childhood has disappeared, giving way to unprecedented anxiety and depression. After Clooneys public diatribe against him, Loeb quickly retreated instead of digging in his heels, as he usually does, telling Variety (in which he owns a 25 percent stake) that notwithstanding the fact that the media likes to create a stir, I admire Mr. Clooneys passion for Sony and his loyalty to Sony and his friends there. He even went as far as to speculate that he and Clooney shared a common goal and that I believe our interests are aligned in a way he probably doesnt realize. (Chapman is cynical about Loebs uncharacteristic bonhomie. | Since those early days, he has made a reputation for himself as a formidable money manager. Whats wrong with that? The two men no longer speak. Given Dans extraordinary success, his behavior can be extraordinarily odd, and coming from me that says something, says Chapman. Aside from surfing, Loeb, a self-described "health nut," practices Ashtanga yoga. LS: I know. I'm a fraud.' Perhaps this is why he has a way with words. In today's highly charged world of structure, stranger danger, and helicopter parenting, free play in childhood has disappeared, giving way to unprecedented anxiety and depression. Margaret Munzer Loeb, a former yoga instructor and graduate of Brown and NYU's School of Social Work, got to marry a billionaire! The comments, says Liviakis, were talking about pedophilia, and there were disparaging, racist sort of remarks about my Greek heritage, and all kinds of evil things, to try to make fun of me and make fun of companies that I was involved in, and anyway to scare down the stock. (Despite repeated requests, Loeb declined to participate in this article. She has lived in New York, NY and Los Angeles, CA since her hubby hails from Santa Monica, California. Theyre finally handing them out again. The company also adopted a so-called poison pill, forcing anyone who acquires 10 percent or more of the companys stock to negotiate with the board of directors to buy the companya path the activist Loeb is unlikely to pursue. Shes also a huge Democratic donor whos taken up Hillary-for-prez as her personal cause, hosting gatherings for the senator and featuring Chuck Closes portraits of La Clinton in the hall of her Sutton Place homedone, of course, in retro-sixties style. Our PEN America Literary Gala provides the essential resources we need to defend the freedom to write worldwide. He was smart to occupy a place that was really left vacant: All the private-equity funds and the banks had to get out of [doing] hostile deals, and it was left to the guys who didnt give a crap, knew how to do it, and had nothing that they were compromising or putting in jeopardy by taking on those powers. In 2007, they sold their Bank Street townhouse for $12 million and bought a $45 million full-floor penthouse on Central Park. Loeb found himself widely criticized in 2017 after posting on Facebook, Hypocrites like [New York State Senator Andrea] Stewart-Cousins who pay fealty to powerful union thugs and bosses do more damage to people of color than anyone who has ever donned a hood, apparently referring to views on charter schools, according to a report in the New York Times. 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? We look forward to seeing you next year! He has claimed he dreamed from an early age about being an investor. "When Dan believes in somethinghe has a singular focus and is relentless in the pursuit of his objective," saysJefferies GroupInc. Chairman and CEORichard Handler, who hired Mr. Loeb in 1991. A Wall Streeter who has known Loeb since his early days in New York describes how Loeb climbed to the pinnacle of hedge-fund success: He started out "a little bit like J.P.John Paulson. "For me, it didn't come naturally. She graduated magna cum laude and followed up with her masters degree in social occupation. "When my father was sick, I learned how painful this disease is for those afflicted and their families. 3.1.2023 9:30 AM, Damon Root What he hoped to accomplish with such a small stake is a bit of a head-scratcher. Parents feel a tremendous obligation to make life easier for their kids. These are the mysteries examined in the new documentary, Chasing Childhood, which is playing at the DOC NYC festival through November 19. He studied Torah for six years with Rabbi Heshy Blumstein, who presided over his July 4, 2004, marriage to Margaret Munzer, then a yoga instructor. Amy Robbins 37, wife of Larry RobbinsRobbins was a banker before becoming a partner in her husbands fund. Pink (taken from the name of the outspoken robber in the 1992 Quentin Tarantino movie Reservoir Dogs). But he did. Hedge fund manager Daniel Seth Loeb founded Third Point LLC on June 1, 1995 with $3.4 million in capital. Access your favorite topics in a personalized feed while you're on the go. Never has.. Documentary Grand Jury Prize, 2014 Sundance Film Festival) accompanies the team as they look for ways . 4. In September 1991, Loeb got a job as an analyst at the investment bank Jefferies & Co., in Los Angeles. What Strategist Readers Bought in February: Natural Lube and Night Cream. But Loeb took the rhetoric to new levels of obstreperousness, and he refined the twist of making withering personal comments about a target companys executives. She joined the PEN America Board in 2018. ), That same year, 1999, Loeb got into more legal trouble, this time with John Liviakis, a San Francisco public-relations executive, who also sued Loeb for libel. Together, they have three . MY NAME IS PAULI MURRAY directed by Betsy West & Julie Cohen. He wanted to be in New York City.) By the time he graduated he had accumulated $120,000 in cash. Loeb has said that he became fascinated in investing around the age of 5 or 6. kid from M.I.T. They loved their freedom but are terrified to let their kids do anything. In 2013, Loeb purchased former Citigroup CEO Sandy Weill's yacht "April Fool.". We inquired whether Mr. Thompson had taken a large number of computer science courses, perhaps allowing him to justify to himself that he had earned such a degree. 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