Sony Should Avoid Loeb, Email Says, While Flash Boys Needs a Plot
It’s best to keep a low profile when activist hedge fund investors are concerned, is advice from one Sony Corp executive to another. Also, that Flash Boys movie people on Wall Street are waiting for? Aaron Sorkin told Sony executives he needs a plot “which doesn’t exist in the book” and said “they’re aren’t any Asian movie stars.” Dan Loe’s stakes in Sony After activist hedge fund Dan Loeb took a 7 percent stake in Sony in May 2013, encouraging management to sell the company’s entertainment unit. In August 2013 Loeb and his Third Point hedge fund were rebuffed, but...
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