Warren Buffett.

  • The billionaire investor Dan Loeb quoted Warren Buffett favorably this week after blasting the Berkshire Hathaway boss as a hypocrite back in 2015.
  • “We highlight an observation from Warren Buffett: ‘Companies get the shareholders they deserve,'” the Third Point chief wrote in a letter to Disney CEO Bob Chapek.
  • Loeb called out Buffett in 2015 for criticizing hedge funds, activist investors, financial institutions, and tax minimizers, despite acting similar to them.
  • Loeb said at the time that Buffett “has a lot of wisdom” but that “we need to be aware of the disconnect between his wisdom and how he behaves.”
  • Visit Business Insider’s homepage for more stories.

The billionaire hedge-fund manager Dan Loeb quoted Warren Buffett in a letter this week calling for changes at Disney. The Third Point chief slammed the famed investor and Berkshire Hathaway CEO as a hypocrite back in 2015.

Loeb, whose

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“From top to bottom the message for our businesses has been confusing,” said Lisa Sorin, president of the Bronx Chamber of Commerce, who also signed the letter. “I think it’s important that we speak in one voice.”

Sorin singled out the administration for sitting on its hands as the city’s business community confronts multiple economic crises brought on by the pandemic.  

“They are sitting in their offices, and it’s important for us to remind them that we are the ones living day to day and seeing these complications for our businesses and the safety of our communities,” she said.  

The declarations of no confidence by Grech and Sorin come after the Partnership for the City of New York published a letter on Thursday signed by 150 of the city’s top CEOs and business leaders. They expressed dismay at how the de Blasio administration is guiding the city’s response to the

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