Dan Loeb. The second biggest hedge-fund asshole on Wall Street.
But here’s the catch. Dan Loeb, who isn’t known as the biggest hedge-fund asshole still working on Wall Street (only because Stevie Cohen hasn’t been arrested yet), is on the board and co-founder of a group called Students First New York. And Students First has been one of the leading advocates pushing for states to abandon defined benefit plans – packages which guarantee certain retirement benefits for public workers like teachers – in favor of defined contribution plans, where the benefits are not guaranteed.
In other words, Loeb has been soliciting the retirement money of public workers, then turning right around and lobbying for those same workers to lose their benefits. He’s essentially asking workers to pay for their own disenfranchisement (with Loeb getting his two-and-twenty cut, or whatever obscene percentage of their retirement monies he will charge as a fee). If that isn’t the very definition of balls, I don’t know what is.
Fred Klonsky 
What else would you expect from someone like that? Wall Street does not care except to steal anything they can get their hands on and when you totally control the power structure world wide what is to prevent you from continuing to do just that? Certainly not the prez or congress as they totally control almost all of them and for sure the prez. We are a fascist country by definition of that word. Why would those organizations let him and/or his organization handle their money? Shame on them as the only way that would happed is through GREED. The unions should be in full combat for the reinstitution of the banking regulations which Bill Clinton wiped out with the 1999-2000 Banking Deregulation Acts. Thanks Bill for that, wiping out jobs with offshoring and taking away the free press. You were so good to us in the long run weren’t you. The game just didn’t come down during your administration so you look like a hero when you and Obama are really devils in sheeps clothing doing everything you said you wouldn’t. Good P.R. and that is all.
Balls on pond slime
NO —- It’s not the definition of balls, it is the definition of ASSHOLE !!!!
Why don’t you guys take you pension $ away from the funds if you hate them so much?
Put it in a savings account at the local bank where you can earn .01%
Haven’t you heard, there are no guarantees in life except death and taxes. I don’t believe pensions mentioned.
You’re wrong. It’s mentioned in the Illinois Constitution as a guarantee.