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Investment
Spotlight: Dan Loeb
A look at major investment
events in the news and the
public eye
Yahoo!In 2011 Dan Loeb’s Third Point made a
huge investment in Yahoo, purchasing
a 5.8% share of the company.
Loeb revealed that the company’s
CEO lied on his resume, and got him
replaced with current CEO, Marissa
Mayer.
Following Loeb’s attention Yahoo’s
stock climbed dramatically, and the
company looks to be on track for
future increases in profitability.
3rd quarter reports in 2013 revealed that
Dan Loeb has sold back almost 75% of
his stake in Yahoo, for a 124% return of
~$1 billion.
Billionaire Dan Loeb
Sells Most Of His Yah
oo Stock, Makes $1 B
illion
FedE
x
At the New York Times Dealbook Conference on
Nov. 12 th, 2013, Dan Loeb revealed a stake in
FedEx.By the end of the month FedEx stock rose $5,
as Loeb revealed that he approved of the
CEO’s leadership, and would not move to have
him replaced.
Dan Loeb reveals stake in FedEx
Sotheby’sDan Loeb took a strong
position in auction
house Sotheby’s,
calling for the ousting
of CEO William
Ruprecht.
Sotheby’s responded
with a “poison pill,” a
strategy Loeb chided,
replying,
“It's incumbent on the board
to either say it's satisfied
with the CEO's performance
or set out a road map as to
how they're going to
improve performance,
improve cost issues and its
deteriorating competitive
position.”
Dan Loeb reacts to S
otheby's 'poison pill,'
wants CEO fired
Sony and
SoftBank
Dan Loeb has been quoted as being
“bullish” on Japan, and recently announced
stakes in two large Japanese companies,
Sony & SoftBank.
Loeb made headlines when he requested that Sony
spin off its entertainment division, but backed down
when CEO Kazuo Hirai promised greater
transparency and disclosure to shareholders.
Loeb also has a more than $1 billion invested in
Softbank, a telecom and internet company with ties
to Sprint and Chinese ecommerce.
Dan Loeb builds $1b
n-plus stake in Japan’
s SoftBank