investment spotlight: dan loeb

5
Investment Spotlig ht: Dan Loeb A look at major investment events in the news and the public eye

Upload: jared-sullivan

Post on 13-Apr-2017

119 views

Category:

Investor Relations


2 download

TRANSCRIPT

Page 1: Investment Spotlight: Dan Loeb

Investment

Spotlight: Dan Loeb

A look at major investment

events in the news and the

public eye

Page 2: Investment Spotlight: Dan Loeb

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

Page 3: Investment Spotlight: Dan Loeb

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

Page 4: Investment Spotlight: Dan Loeb

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

Page 5: Investment Spotlight: Dan Loeb

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