Daniel Loeb On The Passing Of Jimmy Lee

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Daniel Loeb On The Passing Of Jimmy Lee


Daniel Loeb, founder of Third Point LLC

“Jimmy loved Wall Street more than anyone I’ve ever known. He wasn’t driven by money or deals but by his passion for people. There was no more loyal friend to be had on Wall Street, nor anyone whose wise counsel I valued more.”

“When I told Jimmy I planned to send a Japanese CEO a letter announcing we were becoming active in its stock, he advised me to deliver it in person, which I did. When that act earned us praise in Japan for showing special sensitivity to the country’s cultural customs, I repaid him by making him a tee shirt that said, ‘I advised Dan Loeb on his investment in Sony and all I got was this lousy tee shirt.’”

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“My last correspondence with Jimmy was a note from him titled ‘Bragging,’ where he told me about his son’s admission into a highly competitive securities analysis program at Columbia Business School. He signed off by telling me that despite his long and successful career, his ‘greatest accomplishment’ was his children. With Jimmy’s passing, our community lost a little bit of its humanity and I lost the closest thing I’ve had to a big brother. My thoughts and prayers are with his family, who we discussed frequently, and who he was devoted to and loved so much.”

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