Bil­lion­aire sorry for say­ing black se­na­tor worse than KKK

The Washington Times Daily - - NATION -

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.

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