Hundreds of protesters gathered outside hedge fund manager Dan Loeb’s residence at 15 Central Park West on Saturday over his donations to Governor Kathy Hochul and support of charter schools.
Signs such as “tax the rich” were held by the protestors, some of whom held pitchforks while standing outside 15 CPW. A video shows the protesters were met by a building manager who told them they were trespassing on private property, but they did not appear deterred.
“Loeb and his wife have donated $60,000 to governor Hochul, and he’s a major donor to pro-charter school PACs that has also donated to governor Hochul,” shouted one protester into a megaphone. “The governor is putting the interest of her big money donors first at the expense of working class New Yorkers.”
Loeb is the founder and chief executive of Third Point, a hedge fund that manages nearly $15 billion in assets. He has major investments in The Walt Disney Company and Amazon as well as a net worth of $3.5 billion, according to Forbes. Loeb also serves on the board for Success Academy Charter Schools, a charter school operator in NYC.
“We are here today because we’re saying enough to billionaires like Dan Loeb who have more interest in their profits than the education of our public school students,” Kristen Gonzalez, a Democratic member of the NYS Senate who represents parts of Manhattan, Brooklyn, and Queens, said during Saturday’s protest outside 15 Central Park West.
“This is not a protest. It’s a riot. The rich should pay more taxes, but this is not the way. Nobody’s home should be stormed,” Sam Antar, former CFO of the Crazy Eddie electronics stores, wrote on Twitter.
Loeb graduated from Columbia University in 1983 and maintains a scholarship in his name at the school. Some other notable residents of 15 CPW, which is located between 61st and 62nd streets, have included actors Denzel Washington, Mark Wahlberg, Robert De Niro, Sting, Alex Rodriguez, and NASCAR driver Jeff Gordon.