Leon Cooperman

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    News

    Leon Cooperman Doesn’t Even Know How You Can Look At Him

    He’s deeply ashamed about last month’s performance.

    / Feb 9, 2015 at 2:50 PM
  • stevecohen (3)

    News

    Whatever Doesn’t Kill Steve Cohen Makes Him Stronger

    For the most part, 2013 was not kind to Steve Cohen. The Feds put his balls in a jar and put that jar on Preet Bharara’s desk. One of his ex-employees went to trial for (and was later found guilty of) masterminding the “most lucrative insider trading scheme ever.” Other former traders helped bring the […]

    / May 6, 2014 at 1:37 PM
  • Hedge Funds

    At Least One Other Person Thinks eBay Should Spin Off (Some Of) PayPal

    Leon Cooperman can’t believe he’s saying this, but he actually thinks Carl Icahn’s talking some sense.

    / Mar 11, 2014 at 4:20 PM
  • davidtepper

    News

    David Tepper’s Lucky Brass Balls Worked Overtime In ’12

    Overtime that was not for naught! Thanks to labor laws protecting LBBs, Tepper took home $2.2 billion last year. Other people who made some money in 2012:

    / Apr 15, 2013 at 3:31 PM
  • leoncooperman

    News

    Leon Cooperman Has Nothing To Say About You-Know-Who

    “I have extreme problems with my office due to the hurricane and that is where I am focused,” Cooperman wrote in response to a request for comment by Absolute Return about the reelection of Barack Obama, whose rise to power Cooperman previously likened to that of Adolf Hitler and who, by the by, is still […]

    / Nov 9, 2012 at 12:56 PM
  • News

    Leon Cooperman’s Beef With President Obama Involves An Unsolicited Copy Of His 14 Year-Old Granddaughter’s Self-Published Memoirs And Not One Handwritten Thank-You Note In Return

    Last November, hedge fund manager Leon Cooperman penned an “Open Letter To The President Of The United States of America,” in which he detailed the many ways Barack Obama was pissing him off. The Omega Advisors founder accused the President (and his “minions”) of engaging in class warfare, expressed disbelief that he could attack “capitalists who…fill store shelves at Christmas” and still sleep at night, and advised Obama to “eschew the polarizing vernacular of political militancy,” lest he lose* Cooperman’s vote the next year.  While LC says that he received a major outpouring of support for his words (“[he] keeps a bulging manila folder of congratulatory notes in his office”), others were less than pleased at what they saw as a guy who actually has done pretty okay under Obama lashing out because his feelings were hurt on the occasions the president was perceived to have a “tone” in his voice when discussing the mega-wealthy (“If I knew where you lived, I’d put a bomb in your car,” one person wrote Cooperman to say). Similarly, Cooperman’s suggestion, on at least two occasions, that America should be worried about the startling parallels between Obama’s rise to power and that of Adolf Hitler,** was met with mixed reviews, including one by his wife in which she called him a “schmuck.” And while some*** have found it preposterous that Cooperman would paint himself as a victim of Obama, their astonishment speaks to not knowing the whole story, i.e. exactly what this man- no, this monster- did to Leon.

    Last July, before he had written the letter, Cooperman was invited to the White House for a reception to honor wealthy philanthropists who had signed Bill and Melinda Gates and Warren Buffett’s Giving Pledge, promising to donate at least fifty per cent of their net worth to charity. At the event, Cooperman handed the President two copies of “Inspired: My Life (So Far) in Poems,” a self-published book written by Courtney Cooperman, his fourteen-year-old granddaughter. Cooperman was surprised that the President didn’t send him a thank-you note or that Malia and Sasha Obama, for whom the books were intended as a gift and to whom Courtney wrote a separate letter, didn’t write to Courtney. (After Cooperman grumbled to a few friends, including Cory Booker, the mayor of Newark, Michelle Obama did write. Booker, who was also a recipient of Courtney’s book, promptly wrote her “a very nice note,” Cooperman said.)

    Now do you understand? Now do you understand? Even Hitler would have sent SOMETHING.

    Super-Rich Irony [New Yorker]
    Earlier: Leon Cooperman Doesn’t Like The Tone Of President Obama’s Voice

    *Just messing about him ever being in a position to “lose” it, of course.
    **Settle down, he wasn’t saying Obama IS Hitler, would would be biologically impossible, he was just saying Obama is the second coming of Hitler, which is something people should be aware of:

    “You know, the largest and greatest country in the free world put a forty-seven-year-old guy that never worked a day in his life and made him in charge of the free world,” Cooperman told the New Yorker in May. “Not totally different from taking Adolf Hitler in Germany and making him in charge of Germany because people were economically dissatisfied. Now, Obama’s not Hitler. I don’t even mean to say anything like that. But it is a question that the dissatisfaction of the populace was so great that they were willing to take a chance on an untested individual.”

    ***Mrs. Cooperman, for example.:

    She is still a liberal, a position that puts her in the minority in their social circle. “She can be a socialist because she’s married to a capitalist,” Cooperman says of his wife, who is strongly pro-choice and pro-gay marriage. She calls Todd Akin, Rick Santorum, and Rick Perry “morons,” and she worries about the underclass. “I care more about the disadvantaged people of America,” she said, comparing her politics with those of her husband.

    / Oct 1, 2012 at 1:13 PM
  • News

    If One More Person Gives Jamie Dimon Shit About The London Whale Leon Cooperman Is Just Gonna Snap

    JPMorgan disclosed on May 10 that it had a $2 billion trading loss because of riskier-than-expected credit securities. Omega sold about two-thirds of its position the next day, taking a loss: The shares tumbled 9 percent on May 11, closing at $36.96. They traded at $36.78 yesterday. At Omega’s staff meeting in May, one of […]

    / Jun 28, 2012 at 4:59 PM
  • News

    Fellow Country Club Members Throw Decorum To The Wind To Thank Leon Cooperman For Giving A Voice To The Oppressed

    Capitalists “are not the scourge that they are too often made out to be” and the wealthy aren’t “a monolithic, selfish and unfeeling lot,” hedge fund manager Leon Cooperman wrote in a Nov. 28 open letter to the president. They make products that “fill store shelves at Christmas” and provide health care to millions. Cooperman, […]

    / Dec 20, 2011 at 2:09 PM
  • News

    Someone Doesn’t Like Tone Of Leon Cooperman’s Voice

    …and has issued a missive of her own in response to the hedge fund manger’s open letter to President Obama:

    / Nov 30, 2011 at 4:23 PM
  • News

    Leon Cooperman’s Investors Had To Beg Him Not To Take A Massive Pay Cut For A Thankless Job

    Last week, Leon Cooperman held a conference call with Omega Advisors’ investors, in which he expressed frustration at a lack of palatable presidential candidates who have what it takes to make this country great. So dire is the situation that Cooperman told them that he’d just have to run for president himself. Was he kidding? […]

    / Aug 16, 2011 at 12:03 PM
  • News

    Which Hedge Fund Managers Made A Respectable Amount Of Money In 2010?

    Those ranked 11-25 on AR Magazine’s annual paycheck list.

    / Apr 1, 2011 at 2:26 PM
  • News

    Leon Cooperman Throws Accountant Under A Bus

    Honestly, what’s a billionaire gotta do to get some decent advice vis-a-vis what’s “legal” and what’s “not” around here?

    / Aug 10, 2010 at 12:20 PM

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