Awww, shucks. You hate to hear about people leaving your favorite funds. And Third Point is definitely one of our favorites.
Third Point told investors this week that three senior executives are leaving the firm: Bruce Wilson, chief operating officer; Devin Dallaire, chief risk officer, and Tom Kratky, head of investor relations and marketing. The trio is being replaced internally.
In a May 12 letter, Third Point founder Dan Loeb wrote that “over the recent months, it became clear to me that we have grown the right leaders to assume greater responsibilities at this time.” As a result, and in consultation with Wilson, Dallaire and Kratky, “we came to a mutual understanding that the firm had evolved and, largely as a result of their efforts, was well positioned to carry on without them,” Loeb wrote.
You have to give it to Loeb, he writes great copy.
Three To Leave Third Point [Absolute Return Magazine]
this is in addition to Munib leaving for Highbridge, no?
Does Loeb have a reputation for being a douche?
And why would it be among our favorites?
@2: Douche doesn’t even begin to describe this dolt.
@4 tell me more
5,
http://www.youtube.com/watch?v=A89VghbDbKY&feature=related
@6
http://www.youtube.com/watch?v=_sFDUcIttos&feature=related
Somebody should get a genius quant motherfucker with a fibonacci stencil to figure out if Rambo 5 will have a higher kill count than Rambo 4.
There has been massive turnover there. Wilson was a replacement for someone who left last year.
Danny boy obviously has Zamboni-envy.
Danny boy is a real pr!ck, they should consider themselves lucky. Interesting when the major players are all leaving at once…..sounds like a dispute to me