General World News

Billionaire hedge fund manager apologizes for using racial insult against black state senator over her position on charter schools

dan loeb

Billionaire hedge fund manager Dan Loeb apologized after writing a racial insult on Facebook about a black state senator, The New York Times reported.

Loeb, who’s chairman of the board of Success Academy Charter Schools, accused Senator Andrea Stewart-Cousins, an African-American woman who’s the Democratic leader in the New York State Senate, of having done “more damage to people of color than anyone who has ever donned a hood.”

His remark seems to be a reference to the Ku Klux Klan, a discomfiting remark for a network that boasts more than 90% of students are black or Latino.

On Facebook, Loeb called read more >>>

Source:: BusinessInsider.Com