Showing posts with label Daniel Loeb. Show all posts
Showing posts with label Daniel Loeb. Show all posts

Wednesday, August 16, 2017

Success Academy's Loeb latest Insults - How About Them Schwarzes?

To be clear: racism is not just carrying a torch in Charlottesville, or writing a bigoted comment on Facebook. Racism is also the failure of those in power to hold white supremacists accountable for actions and words that harm and demean people of color.
Cuomo, Klein and Flanagan may not be carrying tiki torches, but they are implicitly endorsing racism from certain donors like Loeb who send the biggest checks.
...Loeb has previously compared teachers’ unions to the KKK, and he referred to a Prem Watsa, an insurance company CEO of Indian ancestry as a “schwarze” – a derogatory Yiddish phrase for blacks. Yet he continues to sit on the board of the Success Academy charter school network, and he is among the top political contributors to Gov. Andrew Cuomo and other prominent elected officials in New York. 

..... Zakiyah Ansari,

http://cityandstateny.com/articles/opinion/dan-loeb-and-the-political-price-of-racism.html
It keeps getting worse.  Loeb called someone a "schwarze" in email.  Message to Eva and Success: Not who you want heading
Daniel Loeb Vision of UFT Meetings
your school board where 93% of the kids are kids of color. Or any school board for that matter. Word is that with the resignation of DFER head Shavar Jeffries (still a scuzball in my book) there is not one person of color on the Success main board.

More News:  

Tuesday, August 15, 2017

Taibbi: Dan Loeb Simultaneously Solicits, Betrays Pension Funds

There's confidence. There's chutzpah. And then there's Dan Loeb, hedge fund king extraordinaire and head of Third Point Capital, who's getting set to claim the World Heavyweight Championship of Balls... Matt Taibbi, Rolling Stone
Matt Taibbi's take down of Loeb seems to be inspired by Loeb's comments on Andrea Cousins and his links to Eva and Success Academy - he is on their board. Taibbi cuts him up:
Dan Loeb, who isn't known as the biggest hedge-fund asshole still working on Wall Street (only because Stevie Cohen hasn't been arrested yet), is on the board and co-founder of a group called Students First New York. And the national Students First organization has been one of the leading advocates pushing for states to abandon defined benefit plans – packages which guarantee certain retirement benefits for public workers like teachers – in favor of defined contribution plans, where the benefits are not guaranteed.In other words, Loeb has been soliciting the retirement money of public workers, then turning right around and lobbying for those same workers to lose their benefits.
The NYT had an interesting piece on Saturday:
Comment on Race Reopens New York Democrats’ Split Over Schools -- 
Politicians who have long benefited from Mr. Loeb’s generosity scurried for cover and distance. And his enemies pounced.

Mayor Bill de Blasio and his wife, Chirlane McCray, called on Friday for Mr. Loeb to step down from his post as chairman of Success Academy, a major charter schools network. Democratic groups in New York and beyond pushed Gov. Andrew M. Cuomo to return the $170,000 he had raised from Mr. Loeb and his wife over the years, including at a fund-raiser two years ago at Mr. Loeb’s Hamptons home.

The day’s events captured years of interwoven and lingering grievances that have defined Democratic politics in New York. On one side are left-leaning Democrats like Mr. de Blasio and the Assembly speaker, Carl M. Heastie, who have traditional ties to the powerful teachers union. On the other are those backed by donors who support charter schools, politicians like Mr. Cuomo and Senator Jeffrey D. Klein, the leader of the renegade Independent Democratic Conference.
Chalkbeat had links to all the articles on Loeb:
POOR POST In remarks made well before this weekend's events, Daniel Loeb, chairman of Success Academy's board, sparked outrage after writing that an African-American New York state senator had done “more damage to people of color than anyone who has ever donned a hood." Chalkbeat, Wall Street Journal, Politico New York, New York Times, New York Daily News, Business Insider, Newsweek
Mayor Bill de Blasio and Al Sharpton both called for Loeb's resignation. New York Daily News
The New York Post's editorial board defended Loeb, arguing that his broader critique is correct, while the Daily News said he should "slink away."  New York Post, New York Daily News
Loeb gave the the maximum allowable donation to presumptive Republican mayoral nominee Nicole Malliotakis. Gotham Gazette
SPLITTING UP Democrats for Education Reform President Shavar Jeffries is no longer on the board of Success Academy, Politico reported on Monday. His departure highlights a growing divide among charter supporters about how to deal with the Trump administration. Chalkbeat, Politico
SPEAKING UP At a political rally on Monday, New York State Senator Andrea Stewart-Cousins weighed-in on racial comments by Success Academy chair Daniel Loeb. She stopped short of calling for his removal after Loeb wrote on Facebook that the senator has done “more damage to people of color than anyone who has ever donned a hood.” ChalkbeatNew York Times
At the rally, pols called for Democrats to take control of the state Senate, and Comptroller Scott Stringer said he will use a $4,500 donation from Loeb in 2011 to help make that happen. New York Daily News, Observer
The entire Taibbi article below the break:

Dan Loeb Simultaneously Solicits, Betrays Pension Funds

Union leaders – don't fund your demise by investing with this hedge fund king