Hedge fund manager Dan Loeb deletes racial remark from Facebook after uproar

Xavier Trudeau
Août 11, 2017

The whole affair has left some Democrats and Republicans elbowing each other to see who could place greater distance from the controversy.

It began with a New York Times story about a meeting last month between Gov. Andrew Cuomo and Sen.

Loeb wrote in the since-deleted Facebook post: "Thank God for Jeff Klein and those who stand for educational choice and support Charter funding that leads to economic mobility and opportunity for poor knack (sic) kids".

"You look at me, Mr. Governor, but you don't see me". Mr. Klein's group, the Independent Democratic Conference, has in the past sided with the Republicans in the Senate to keep Ms. Stewart-Cousins out of the powerful post of majority leader. "Daniel Loeb should be utterly ashamed of his disgusting statements".

His comments were followed by an uproar, and State Senate Democratic spokesperson Mike Murphy said in a statement: "In 2017 it is outrageous and offensive that this type of language is used by someone with such wide political influence". "Jeff Klein doesn't represent the suburbs", she said.

Recipients and non-recipients of Loeb's money quickly separate themselves from Loeb.

A spokesman for Governor Cuomo told the Times that the governor had "no connection with these comments whatsoever" and that they were "entirely inappropriate and have no place in the public discourse".

"The statements are wrong and have to be repudiated". A report from Politico this afternoon says that he will continue in that position, and adds that a spokesperson for StudentsFirstNY, a group that supports charter schools that Loeb has funded, declined to comment.

Mr. Loeb has been a prominent player in NY politics, as the chairman of the Success Academy charter school network and as a major political donor. "He was right to apologize". "I have taken down the post from Facebook".

News, views and commentary on Long Island, state and national politics. State records show that Loeb and his wife have given more than $170,000 to Cuomo in recent years.

Chung Seto, a Democratic consultant who once was the executive director of the state party, wasn't buying that Loeb wasn't acting on behalf of Cuomo. He founded three of Success' 41 schools, and has coordinated some of the largest donations to the network from fellow billionaires, Politico reported.

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