Third Point

May 27, 2015  

Third Point's outspoken founder and CEO, Daniel Loeb, is infamous for his colorful quips and blistering activist letters directed at the executives of the companies his activist hedge fund is targeting. In a 2005 letter to Star Gas Partners' chairman, CEO and president, Irik Sevin, Loeb contended: "Your ineptitude is not limited to your failure to communicate with bond and unit holders. A review of your record reveals years of value destruction and strategic blunders which have led us to dub you one of the most dangerous and incompetent executives in America." Loeb frequently backs up his bravado with strong returns at New York-based Third Point…

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