Dan Loeb with Success parent Natasha Shannon and Raymond McGuire
By Amanda L Gordon
Activist investor Dan Loeb isn’t backing down.
Loeb,
who has angered teacher’s unions and politicians for supporting charter
schools, is giving $15 million to Success Academy, its founder Eva
Moskowitz said Monday night at a benefit for the New York network of 46
schools. The gift from the foundation that he created with his wife will
establish the Loeb Fund to Reimagine the American High School.
“Several years ago, Margaret and I recognized that for our students to
excel in college and beyond, Success Academy had to develop an entirely
new model for public high school," Loeb, 56, founder of Third Point LLC,
said in a statement.
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Source: BloombergMarkets (via Empire Report New York)
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