Steel Partners Investors In For Another Drunken Surprise?

We can't say for certain, of course, but if Warren Lichtenstein's history is any guide, hell to the yes. Last New Year's Eve, the Steel Partners head informed his investors that he'd decided to turn the firm's flagship fund into a publicly-listed vehicle, without telling anyone, after losing 43 percent of its assets in the first first 11 months of 2008. He apparently worked up the courage to do so by getting hammered before sitting down to type.

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Which is why we think it's only logical to ask if, after being charged with his last DUI, Lichtenstein again got the urge to get something ("Don't be mad but I spent all your money on the slots") off his chest.

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