Billionaire sorry for saying black senator worse than KKK
ALBANY | A billionaire hedge fund manager has apologized for an online post saying that a black state senator has “done more damage to people of color than anyone who has ever donned a hood” because of her support for teachers unions.
Daniel Loeb issued a statement saying he regrets the language he used in the Facebook post about Senate Minority Leader Andrea Stewart-Cousins, a Yonkers Democrat.
The post, an apparent reference to the white headgear of the Ku Klux Klan, was deleted late Thursday.
Mr. Loeb, the CEO of the
investment firm Third Point, is a top donor to Democratic Gov. Andrew Cuomo and many other politicians. He is a leading supporter of charter schools.