Hollywood To Be Graced With Dan Loeb's Presence At Sunday's Oscar Parties
About a year and a half ago, hedge fund manager Dan Loeb got involved with Sony Corp. Specifically, he decided that the company could generate a lot more profits than it was at the time, if only it would take his and his colleagues' sagely advice. This on its own probably wouldn't ruffle many feathers. Maybe some thin-skinned people might wonder aloud to themselves, "What does this money guy know about the movie business" or "Hey: I thought After Earth was a really good flick" but generally would not cause an outcry.
Dan Loeb being Dan Loeb, though, the li'l scamp took things further with one of his patented letters and told Sony-- and this is paraphrasing but only slightly--, "You don't know dick about making movies." That stance did ruffle some feathers, namely those of George Clooney, who subsequently told Loeb to go fuck himself. And although at any given party in Hollywood there must be half a dozen or more people who hate each other's guts, and even though Loeb sort of apologized, someone-- either the person sending the invites or DL himself-- decided that maybe the hedge fund manager should sit the 2014 Vanity Fair Oscar party out.
But this year? He's back in the game, despite there being at least two attendees who'd probably love to make a biopic about what Loeb has done to them.
Last year, hedge fund billionaire Dan Loeb was persona non grata at Vanity Fair’s Oscars party after the activist investor took aim at Sony and what he thought was its wasteful way of making movies. Loeb’s jab at Sony even angered George Clooney, who has a production deal with the studio. The 53-year-old investor, who had attended Vanity Fair’s 2013 party, wasn’t there last year. But any ill will appears to be water under the bridge. Loeb, who is no longer invested in Sony, got an invitation this year and plans to attend...At the Vanity Fair party, Loeb will be rubbing elbows not only with Clooney but also with fellow hedgie Bill Ackman, another person he has offended.
