Will hedge fund manager Daniel Loeb do to Obama what he did to Yahoo?
After waging battle with Yahoo’s board for months, the activist shareholder and Third Point LLC founder has now completed what amounts to total regime change at the company. Having upended the company’s board and helped oust its last CEO, Scott Thompson, Loeb played a key behind the scenes role in recruiting Google’s Marissa Mayer as Yahoo’s new CEO, AllThingsD’s Kara Swisher reported Tuesday.
Now Loeb and his new Yahoo CEO recruit Mayer share the goal of boosting Yahoo’s fortunes. But they find themselves on opposite sides of the 2012 US presidential race.
Loeb this month co-hosted a $25,000-person Hamptons fundraiser for GOP presidential hopeful Mitt Romney and House Majority Leader Eric Cantor (R-Va), the Los Angeles Times reported.
Mayer, 37, by contrast, “is an active Democratic fundraiser,” who hosted a 2010 fundraiser at her Palo Alto home for President Barack Obama, “and has given to Obama annually since 2007,” Politico reported Tuesday.