Activist Investor Takes a Strong Liking to Nestle
Dan Loeb once branded a CEO who’d defied him as a “CVD” — chief value destroyer. He went on to call the two great-grandsons of that company’s founders’ members of the “Lucky Sperm Club”. To another CEO, Loeb once advised: “Do what you do best: Retreat to your waterfront mansion in the Hamptons where you can play tennis and hobnob with your fellow socialites.” All that was more than a decade ago, when Loeb’s activist hedge fund — and the investor himself — were younger, and building their reputation on Wall Street as Generation X’s answer to the green-mailing ...
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