Daniel Loeb, Yahoo, And The Return Of The Corporate Raider

Daniel Loeb used to be a hedge fund firebrand. He once said the great-grandsons of a paper company founder were part of the “lucky sperm club.”

In practicing his brand of corporate raiding, Loeb berated his opponents as chief value destroyers and lazy socialites who “could potentially be tooling around in a luxurious business jet, possibly sipping Cristal Champagne cocktails at shareholder expense.”

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