Vanity Fair may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. He owns a 39th-floor, five-bedroom, 10,674-square-foot Manhattan penthouse at 15 Central Park West that he paid $45 million for in 2008. Other hedge-funders send such letters, but most agree that Loebs are the nastiest and most florid. ML: An anxiety epidemic, a depression epidemic. Alamo Lamar A. One company targeted was Hitsgalore.com Inc., an early Internet firm that soared and then crashed. After Clooneys public diatribe against him, Loeb quickly retreated instead of digging in his heels, as he usually does, telling Variety (in which he owns a 25 percent stake) that notwithstanding the fact that the media likes to create a stir, I admire Mr. Clooneys passion for Sony and his loyalty to Sony and his friends there. He even went as far as to speculate that he and Clooney shared a common goal and that I believe our interests are aligned in a way he probably doesnt realize. (Chapman is cynical about Loebs uncharacteristic bonhomie. Arguing that Sothebys suffered from a lack of leadership and strategic vision at its highest levels, Loeb then blasted Ruprecht for his 2012 compensation of $6.3 million, as well as any number of perksmemberships in elite country clubs, car allowances, and tax-preparation servicesthat invoked the long-gone era of imperial CEOs. He also relayed the story of an extravagant lunch and dinner at Blue Hill restaurant, in Manhattan, where, he said, Sothebys management feasted on organic delicacies and imbibed vintage wines at a cost to shareholders of multiple hundreds of thousands of dollars. Loeb demanded Ruprechts resignation and wrote that he would like to join the board immediately to begin a search for a new C.E.O. The subject matter of Chasing Childhood - helicopter-parenting and how education and play have worsened over the past few decades - is surprisingly provoking. This quick exit caused some competitors to accuse him of pumping and dumping, which is talking up a stock to get the price up and then selling it before other investors recognize youre full of hot air. Palisades High School yearbook/BI illustration, ".For me, Columbia was transformative. He criticized the board of directors for hiring Carol Bartz as C.E.O. Lisa Perry 49, wife of Richard PerryThe FIT graduate and vintage sixties-clothing collector recently started her own line of retro-inspired clothes. Required fields are marked *, Automated page speed optimizations for fast site performance, Don't forget to check the Photo Gallery & Video. I also recognized that there is little hope for patients today beyond slowing the progression of Alzheimers. to set up the Ronald M. Loeb Center for Alzheimer's Disease. . He thinks nothing of hopping on his Gulfstream IV (recently upgraded to a newer model, friends say) to jet to the Mentawai Islands, in Indonesia, to go surfing. Ad Choices. Margaret Munzer Loeb: When Eden and I were nostalgically looking back at our own childhood and talking about parenting, we were very focused on the kind of autonomy that one could have in a pedestrian city like New York and we have this shared experience, and yet we're frowned upon if we let our kids, at age 10, for instance, take public . With the laid-back affect of the California surfer dude that he once was, hes compact, athletic, and rakishly handsome, with close-cropped brown hair and a wry smile. Tracy Droz Tragos (co-director of Rich Hill, U.S. When it comes to his private life, Daniel has been married to Margaret Davidson Munzer since July 2004 - the couple has three children and resides in New York City. He attended a leadership class at Goldman Sachs called Pine Street. I went to the Met and I saw Poussin's 'Rape of the Sabine Women' and it's this incredible, epic, great, great painting. Loeb should learn his actions have consequences.. As a subscriber, you have 10 gift articles to give each month. Lenore Skenazyis president of Let Grow, a nonprofit promoting childhood independence and resilience, and founder of the Free-Range Kids movement. "We definitely heard that they're exhausted, and they're sleep deprived. She joined the PEN America Board in 2018. I dont remember much about the specifics of the Economics courses that I majored in I apparently internalized the key concepts but I still remember vividly the thrill of reading Don Quixote, Epictetus, The Aeneid, King Lear and Candide, and how contemporary the stories and ideas in these old and ancient texts struck me. Some people believe that Loebs yoga practice and Torah studies are just an elaborate means of atonement. Access your favorite topics in a personalized feed while you're on the go. We inquired whether Mr. Thompson had taken a large number of computer science courses, perhaps allowing him to justify to himself that he had earned such a degree. The documentary, which was directed by Margaret Munzer Loeb and Eden Wurmfeld, first screened at the DOC NYC Film Festival and later played at the Annapolis Film Festival, Portland International. By the way, it looks like Schwartz works with Loeb today on his fund's venture capital arm, Third Point Ventures. . ML: [Co-director Eden Wurmfeld and I] were somehow raising our own kids with less autonomy than we had had growing up in New York City in the 1970s and 1980s,and we wondered why our parents felt so relaxed. By then he thought I could do this as well as others and wanted to start Third Point. Never has.. Art industry watchers may recall that Loeb, who is known for his activist letters to companies, lobbied in 2013 to depose the then-CEO of Sothebys, William Ruprecht. Loeb found himself widely criticized in 2017 after posting on Facebook, Hypocrites like [New York State Senator Andrea] Stewart-Cousins who pay fealty to powerful union thugs and bosses do more damage to people of color than anyone who has ever donned a hood, apparently referring to views on charter schools, according to a report in the New York Times. Margaret Munzer Loeb Producer | Director + Add or change photo on IMDbPro Margaret Munzer Loeb is known for Chasing Childhood (2020), Roost (2022) and Oliver Sacks: His Own Life (2019). According to an insider, Hollywood is used to seeing these people [like Loeb] come in, make a buck, and leave. In 2014, Francine, a social scientist based in Los Angeles, and her . ML: What we learned is that this was everywhere. "I've enjoyed art ever since, I'll tell you when, I went to Columbia. Hedge fund manager Daniel Seth Loeb founded Third Point LLC on June 1, 1995 with $3.4 million in capital. THE ELECTRICAL LIFE OF LOUIS WAIN directed by Will Sharpe. LS: What would you say your film is about? ", But the best part is that he often signs them "Very truly yours, Daniel S. ), Loebs retreat inspired Nikki Finke, the doyenne of entertainment-business reporters, to write an extraordinary August 6 column on her Web site, Deadline Hollywood, which she had sold in 2009 to Jay Penske, who then bought Variety. I dont remember much about the specifics of the Economics courses that I majored in , I fantasize that our politicians have been moved by the dialogues of Plato, and thus contemplate the ancient conflict of the sophists versus the lovers of truth. No one took him terribly seriously. What happens to some people when they make a ton of money is they get this feeling of invulnerability, and I can do anything, say anything, behave any way I want, and I can get away with it., A Wall Streeter who has known Loeb since his early days in New York describes how Loeb climbed to the pinnacle of hedge-fund success: He started out a little bit like J.P.John Paulson [founder and president of the hedge fund Paulson & Co.]. Given Dans extraordinary success, his behavior can be extraordinarily odd, and coming from me that says something, says Chapman. Margaret Munzer Loeb / Lismore Road Productions Netflix Hal Rosenbluth / Kaufman Astoria Studios The International Alliance of Theatrical Stage Employees Andrew H. & Ann R. Tisch Foundation $25,000 and above Michael Barker Bloomberg Foundation Booth Ferris Foundation Charles S. Cohen ConEd (Consolidated Edison Co. of New York, Inc.) Clooneys broadside was all the more surprising in that, at first glance, youd think that Loeb would be just Hollywoods kind of hedge-fund guy. Heres the thing about Dan, he says. He wanted to be in New York City.) By the time he graduated he had accumulated $120,000 in cash. Check social media profiles, photos and videos, news, resumes and CV, places of employment, work history, public records, skilled experts and arrest records . She earned a Masters degree from the New York University Silver School of Social Work. Hes smart not in the way of some 180 I.Q. His great aunt, Ruth Handler, and his great uncle, Elliot Handler, were founders of Mattel. Please consider making a donation in . By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. His astounding waterfront house in East Hampton, designed by architect Rafael Violy, has been called the TWA terminal. He has a house in Aspen and a condominium in Miami Beach. #utpol @PENamerica I'm a fraud.' But Loeb took the rhetoric to new levels of obstreperousness, and he refined the twist of making withering personal comments about a target companys executives. Having roots in creating more independent children, Free-Range Kids focuses on empowering the youth to take charge of adulthood. . While he hoped to raise $10 million for his fund, he was only able to secure a little over $3 million from five friends and family members and money out of his own pocket. 2023 Art Media, LLC. I'm interviewed in the movie, but now that it's out I get to turn the tables and interview its co-director and executive producer, Margaret Munzer Loeb. "I've enjoyed collecting art," Loeb said during his talk at the Jewish Enrichment Center. With abortion restrictions and bans going into effect, Coeytaux and her team of providers established Plan C a grassroots organization dedicated to expanding access to medication abortion. SPENCER directed by Pablo Larran. Plan C (2023), What Comes Around (2022), Found (2021), Driving While Black . His mother is a Melville scholar who writes under the name Clare L. Spark; she is the author of Hunting Captain Ahab, (Kent State University Press, 2001). Dan Loeb donated $2 million to Families for Excellent Schools in 2015 Our PEN America Literary Gala provides the essential resources we need to defend the freedom to write worldwide. I apologize to Senator Stewart-Cousins and anyone I offended., Mitchell Rales Gives $1.9 Billion to Glenstone, Germany Taps Curator for Venice, and More: Morning Links for March 1,2023, Thomas H. Lee, Collector of Photography and Contemporary Art, Is Dead at 78, Alice Waltons Art Bridges Foundation Is Buyer of $4.5 M. Robert Colescott Painting Auctioned by Bonhams Last Week, Ronald Lauder Reaches Agreement on Klimt Painting with Descendants of Original Jewish Owner. Why would you go make an enemy out of Bill Ackman? Calling Loeb The Most Hated Man In Hollywood and the putz [who] created chaos and confusion inside a stable and successful studio, Finke praised Clooney for having the balls to hold up Loeb to public scorn. She concluded by hoping Hollywood expresses its disdain for Loebs despicable tactics by not reading or advertising in Variety, the in-house newsletter he owns with my boss Jay Penske. While at Citi, Loeb worked as a high yield sales vice president. To honor his memory, Loeb donated $15 million to Mount Sinai Hospital in December 2014 to set up the Ronald M. Loeb Center for Alzheimer's Disease. A person there reported that Ackman went up to Loeb, said hello, then added about Herbalife, Look, you really shouldnt have done that, to which Loeb replied, Why? After Bloomberg reported some negative news about its founder, its stocktrading under the symbol HITTcollapsed. It was a tremendous success thanks to our generous sponsors and supporters. But that never happened. . At first he was a supporter of Obama, but that all changed. In fact, I thought studying these things were corny things that people you sold or had manufactured it.". We look forward to seeing you next year! Griffin, who charges a higher management fee than most other funds, was allegedly luring the employees away with offers of higher salaries. What Strategist Readers Bought in February: Natural Lube and Night Cream. . school initiatives is the "Let Grow Project," a homework assignment that boils down to this: "Go home and do something new, on your own, without your parents." After Third Point had become the companys largest shareholder, Loeb sent his Sothebys letter on October 2 to William F. Ruprecht, the widely respected chairman and chief executive officer, who has been at the auction house for 33 years. Send us a tip using our anonymous form. What's the result? This phen Read allIn today's highly charged world of structure, stranger danger, and helicopter parenting, free play in childhood has disappeared, giving way to unprecedented anxiety and depression. . Does Prince Harry Have Any Revelations Left to Share? Mr. Loeb is a trustee of the Mount Sinai Health System, where he established the Ronald M. Loeb Center for Alzheimer's disease in memory of his late father. Loeb was responsible helping shake up Yahoo's leadership a couple years ago. But even then he wasnt all that laid-back. 1. Anne Dias Griffin 36, wife of Kenneth GriffinFrench-born Dias Griffin graduated summa cum laude from Harvard Business, and cut her teeth at Goldman Sachs in London before founding the $55 million Chicago-based Aragon Global Management, one of the largest hedge funds managed by a woman. . Stonehill College informed us that it did not begin awarding computer science degrees until 1983four years after Mr. Thompson graduated, Loeb wrote in a public letter. https://thehill.com/opinion/education/3872983-national-wave-of-curriculum-bills-fails-both-students-and-american-history/, Copyright 2023 PEN America. "whatever measure of success I have attained in my professional career would not have been possible without the love and support of my wife Margaret and pales in comparison to the happiness she and my children give me every day," Loeb once said during an award acceptance speech at Columbia University. ), For most of his career Loeb has gone after obscure smaller companies, but the $14 billion war chest he has assembled of his and other peoples money in the last few years has inspired him to pursue bigger gameamong them Sony, Yahoo, Morgan Stanley, Apple, Disneyand has attracted unwanted attention to his scorched-earth tactics. From early on, Loeb seemed to have a knack for picking out good investments. Privacy Policy and . Eden Wurmfeld, OC '91, and Margaret Munzer Loeb's new documentary Chasing Childhood explores modern childhood and the ways that overparenting can damage children's mental health. Loeb, himself a . Pink wanted more. In 2014, Francine, a social scientist based in Los Angeles, and her partners . Loeb used the criticism from the unions as a chance to increase his support for Success. He has also competed in triathlons. Documentarians Margaret Munzer Loeb and Eden Wurmfeld examine the phenomena of over-programming and over-protecting children, the loss of free play time amd the tragic results for kids' mental health. ( co-director of Rich Hill, U.S by then he thought I could do this well..., his behavior can be extraordinarily odd, and her partners accumulated $ 120,000 cash! That people you sold or had manufactured it. `` to Columbia from the unions as a,. 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