A San-Fransisco based hedge fund manager inspired by Goldman senior exec-cum-landscape architect Mark Spilker’s arbitrary and unilateral decision last year to cut down neighbor Jim Chanos’s shrubs is going downtown. Derek Webb, who runs quant shop Web Capital Management, was found guilty of vandalism for taking it upon himself to trim the trees at a state park adjacent to his vacation home, after officials caught him, I shit you not, hacking away at branches with a chainsaw. Like Spilker, Webb claims he was merely trying to make the path more user friendly. Unlike Spilker, who mostly got off for the crime, Webb has been sentenced to five days in prison. Though we’re sure Chanos has long moved on from the incident, we personally wouldn’t mind seeing the Webb ruling setting a retroactive precedent and Spilker spending a couple days in the big house, as it would teach him a lesson about entitlement, and undoubtedly be hilarious, for all involved (especially the first year dispatched for conjugal visits).
Hedgie Gets Jail Time For Trimming Trees [FINalternatives]
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
how does db miss the steve jobs obituary story
@2 you’re a douche.
Hedge fund people are better than common people.
All you Maquarie people need to get back to work, too.
He is going to jail, not prison. Prison is where you go if you get more than a one year sentence. It is much worse than jail.
be careful with that chainsaw, Mr. Webb.
@ 2 take it easy on yourself.
@ 2 take it easy on yourself.
@ 2 take it easy on yourself.
wow how the hell did I do that?
Chainsaws are nothing compared to this:
http://www.projo.com/news/content/KENT_LAWSUIT03_05-03-08_40A0DBF_v95.3658b3c.html
Nine years ago, Michael Kent rocked the upscale Plum Beach area of Saunderstown, chopping down all the trees on his land next to busy Boston Neck Road and painting the stumps in garish, fluorescent colors.
First, he cut down all the trees on the two lots in question, painting the stumps in fluorescent colors. Not even the rocks were spared.
Neighbors sued.
“It’s a joke,” Kent said defending his landscaping as art in Superior Court. “But I’m thrilled and I’m more than happy to rise to the occasion.”
Metal palm trees came later, courtesy of his former nightclub Bootleggers.
Two years later, after the town turned down his building proposal again, Kent resorted to uncomposted chicken manure, saying he wanted to start a garden to grow vegetables for the poor.