In May , Loeb proposed splitting Sony 's entertainment and electronics businesses, arguing that such a split would increase profits. In October , Loeb issued a letter scrutinizing the governance of Sotheby's. Founding and leading Third Point Management. Hedge fund billionaire Ray Dalio thinks so". From Wikipedia, the free encyclopedia. Retrieved January 11, New York magazine noted that Loeb's "preferred strategy" is to buy into troubled companies, replace inefficient management, and return the companies to profitability, which "is the key to his success. On Wall Street , Loeb has a reputation for "financial savvy" and for "his withering criticism of corporate executives who are unfortunate enough to stumble in his sights". Actor George Clooney , whose Smokehouse Pictures production company has a contract with Sony's entertainment division, publicly opposed the proposal.
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