Third Point

[3] After a proxy fight, Third Point announced in June 2006 that Loeb and an ally, Todd Q. Swanson, would join the board of Massey Energy, the fourth-largest coal producer in the United States.

who makes $33.7 million in a single year is given free housing while the company is having difficulty retaining its mine workers?”[4] In February 2007, Loeb asked Acorda Therapeutics, in which Third Point had a 9.9% stake, to sell itself to a larger U.S. pharmaceutical firm, arguing that a larger company with more experience “would be able to expedite Fampridine SR”, a multiple sclerosis drug produced by Acorda, through the Food and Drug Administration (FDA) approval process "and into the hands of patients more quickly and efficiently”.

He argued that if Acorda were to continue going it alone or to seek partnership with a European firm it “would be a tremendous injustice not only to multiple sclerosis patients, who should receive such an effective drug in the most expeditious manner possible, but also to your public shareholders, who have supported Fampridine SR's development”.

[8] Loeb informed Yahoo CEO Scott Thompson in a March 2012 letter that Third Point wanted four seats on the firm's board.

Loeb added that the “real issue is not short-term versus long-term but about Board representatives who have skin in the game and will exercise sound business judgment”.

[9] In a May 2012 letter to Yahoo's directors, Loeb noted that according to Yahoo's filings with the U.S. Securities and Exchange Commission, newly hired CEO Scott Thompson had a bachelor's degree in accounting and computer science, whereas a simple Google search revealed that his degree was “in accounting only”; Thompson resigned ten days later.

The New York Times reported that Sotheby's share price had “climbed about 5 percent since Third Point disclosed its increased stake”.

On the same date he announced his desire to join Sotheby's board and called for the resignation of chairman and CEO William F. Ruprecht.

“Sotheby's is like an old master painting in desperate need of restoration”, Loeb wrote in a letter to the SEC, charging that a “crisis of management” at the firm had resulted in “dysfunctional divisions and a fractured culture”, as well as “chronically weak operating margins and deteriorating competitive position relative to Christie's”, Sotheby's main competitor.

[18] Sotheby's replied to Loeb with a statement maintaining that its “actions as a leader in the global art business have been producing superior results—including a share price increase exceeding the Standard & Poor's MidCap Index over the one, five and ten year periods”.

[22][23] “Given entertainment's perpetual underperformance”, Loeb wrote, “perhaps Sony's reluctance to discuss it candidly stems from (understandable) embarrassment”.

[24] In addition to asking Sony to spin off its entertainment assets, Loeb sought a spinoff of its financial services division.

Prior, Fanuc seldom made direct contact with its investors but in March 2014, the company decided "it would start talking to shareholders" and "return some of its cash to them."

Loeb has met with Fanuc's President, Yoshiharu Inaba, with encouragement from Japan's government officials, who are aiming to "shak[e] up companies’ slothful boards.

"[29] After Ligand Pharmaceuticals hired John Higgins as its new CEO in January 2007, Third Point Management invested in the biotech firm and was able to cut its losses.

[36][37] In June 2017, Third Point disclosed its ownership in approximately 40 million shares of Nestlé, making it the company's sixth-largest shareholder according to Standard & Poor's Global Market Intelligence.

[38][39] In the fourth quarter of 2017, Third Point acquired 2 million shares or a .46 percent stake in Netflix, making it the ninth-largest equity long holding in the fund.

That same month, it was reported that Third Point Re qualified as an “emerging growth company” under the Jumpstart Our Business Startups (JOBS) Act.

Bernanke's “narrative arc...posits that the global economy would have collapsed and unemployment would have exceeded levels of the Great Depression had the Fed not intervened to rescue the financial system.

Loeb warned of “the dangers of believing too much in the stories we tell ourselves” and said that highly placed individual such as Bernanke should “be willing to search out facts and admit wrongdoing”.

[50] New Jersey State Court Judge Stephan C. Hansbury granted the summary judgment motions of Third Point LLC, Daniel S. Loeb, and Jeffrey Perry in December 2011, dismissing the charges against them.