Leon Cooperman

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, 68, said in an interview that he can’t walk through the dining room of St. Andrews Country Club in Boca Raton, Florida, without being thanked for speaking up. At least four people expressed their gratitude on Dec. 5 while he was eating an egg-white omelet, he said. “You’ll get more out of me,” the billionaire said, “if you treat me with respect.” [Bloomberg, earlier]

…and has issued a missive of her own in response to the hedge fund manger’s open letter to President Obama:
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Those ranked 11-25 on AR Magazine’s annual paycheck list. Continue reading »

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