Excellent letters. Formidable phrasing this paragraph remains a great.
"I must admit that I was so distraught by our conversation that my temper got the
best of me and loudly informed Dr. Verbrugge that I was flunking him as a
director of the Company and that I planned to expel him from the board as soon
as practicable, before unilaterally terminating the conversation." - Letter to Intercept
Letter to Intercept
Letter to Penn Virginia1st
Letter to Pogo
Letter to Nabi Pharma
Letter to Horizon
Letter to Salton Corporation
Letter to Star Gas
Letter to Western Gas
Letter to Ligand
Loeb's corporate activism has brought to light the poor attendance and performance of board members, terrible conflicts of interest within the executive class and a host of CEO issues from outright management incompetence to poor capital allocation and even highlighting under-qualification/lying as with the Yahoo CEO of late. Dan Loeb, CEO of Third Point Advisors, has gained legendary status for both his history of high capital returns and corporate activist victories.
Can't help myself but laugh upon re-reading these great pieces. Wonderfully written!
Please comment with your thoughts, opinions and perspectives on any of the above! I would love to start a conversation with you!