A Brief Introduction from Eric Fry…
The last time I saw Daniel Loeb, I was riding in his private jet from Miami to New Jersey. Danny is a fascinating guy – a California surf rat turned New York hedge fund manager.
In other words, he's not your run-of-the-mill financial type. He came into the business through the backdoor and succeeded on the strength of his talents, wits and determination. He manages $3.4 billion in his hedge fund named Third Point Partners L.P. (For those folks who do not surf or who have never visited the beaches of Southern California, “Third Point? is the most distant of the three main surf breaks in Malibu).
[Read more...]
New Taxes from a Desperate Government
The state of New Jersey wants to tax the value of unused gift cards.
We’ll let that sink in for a bit.
[a bit]
“The state will soon begin requiring gift card sellers to obtain ZIP codes from buyers so it can claim the value of cards not redeemed after two years,” according to an Associated Press story.
[Read more...]