Saturday, June 26, 2010

Compilation of Dan Loeb's Letters to CEO's

I was recently watching a webcast of a speech Dan Loeb gave and it inspired me to return and re-read his old greats.
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!

Enjoy Reading!

Please comment with your thoughts, opinions and perspectives on any of the above! I would love to start a conversation with you!


  1. Very helpful links, thanks for sharing this with me!@bose


    1. Thank you for the support! Much appreciated - the latest developments have been adding to many people's interest which is great to see.

  2. Loeb's Yahoo letters:

    1. This comment has been removed by the author.

    2. Thank you Cal for your compilation above! I am currently assembling a post on Dan Loeb's involvement in the Yahoo scandal of late and will be sure to give you your due credit.


  3. I have a question., there should be genuine reason to expel him ? do you have

    Types of letters

  4. Hello from Birmingham England, I read a piece in the Daily Telegraph where George Clooney was telling off Daniel Loeb. So I thought why not get Daniel Loeb to invest in me. I am a humour writer. I even have 11,627 views for one post I put on Funny or Die, Sample chapter on Tears for a Butcher which will be my next full length novel. At the moment I'm awaiting feedback for a script which will be turned into a movie. I have also had interest for my shorts, the idea is 90 seconds with Michael. Where I read my shorts on the radio, I have nearly 500 of them. So plenty of material.
    my site is and my 6 books are on Amazon Kindle, so take a look and send me dollars as I am a poor guy. I met and married the girl from the old people's home, she was cleaning my dad's room. She is a Shanghai girl, we have 2 bilingual daughters. I was of course positively vetted by a Chinese ballet dancer from the Birmingham Royal Ballet before we were wed.

  5. Thank you for putting this resource together. I encountered some quotes with the provocative throwaway line, "Loeb became legendary for his letters to the Boards." I searched for the letters themselves, always preferring to read the original document rather than a paraphrase or summary-- and found your site. A hat tip to you!

  6. I’m impressed with the special and informative contents that you just offer in such short timing.Paula Hurd