Theres no upside for Dan Loeb to do that. It's never been completely confirmed, but it hasn't been denied either. Dan and Margaret Munzer Loeb John Roca On the surface, it could be your typical trailer park, with its boring rows of modular mobile homes squeezed onto tiny plots of land. Prior to Lehman Brothers' demise, Loeb was running around $5 billion in AUM. "These things read like spy novels, there's intrigue, hyperbole, there's revelations about things" Loeb said during his talk at the Jewish Enrichment Center. The documentary, which was directed by Margaret Munzer Loeb and Eden Wurmfeld, first screened at the DOC NYC Film Festival and later played at the Annapolis Film Festival, Portland International. . A person there reported that Ackman went up to Loeb, said hello, then added about Herbalife, Look, you really shouldnt have done that, to which Loeb replied, Why? 3.1.2023 9:15 AM, Joe Lancaster 2023 Art Media, LLC. He is the founder and Chief Executive of Third Point . Loeb said during his 2009 talk at the Jewish Enrichment Center. Are you an artist at risk or know someone who is? Two exciting new chapters of the award-winning, 17 1/2-hour public television series NEW YORK: A Documentary Film. Her mother occupations in Bridgewater Crossings, N.J., for Aventis, the French pharmaceuticals haver, for which she is the guide of media relations for the companys United States operations. His brain is not wired that way. But [Loebs targeting of Sony] is unfair because Sony has been one of the most stable and successful studios.. When Randi Weingarten, the president of the A.F.T., learned that Loeb was giving a speech in Washington, at the April meeting of the Council of Institutional Investors, a nonprofit association of pension and endowment funds, representing more than $3 trillion of assets (where Loeb may well have intended to do a little soliciting), she suggested a meeting with him. Lenore Skenazy Packaging them in the form of letters to corporate C.E.O.s (and sometimes to his hedge-fund colleagues), Loeb excoriates his targets publicly, not only for their professional performance but also often for their personal behavior. We inquired whether Mr. Thompson had taken a large number of computer science courses, perhaps allowing him to justify to himself that he had earned such a degree. He was born in December 1961. Last year, they sold their Bank Street townhouse for $12 million and bought a $45 million full-floor penthouse on Central Park. It wasnt as if Dan had done it on purpose, and who really knows what ended up happening to the kid?. In 2007, they sold their Bank Street townhouse for $12 million and bought a $45 million full-floor penthouse on Central Park. They remained together until his death. Theyre finally handing them out again. A Wall Streeter who has known Loeb since his early days in New York describes how Loeb climbed to the pinnacle of hedge-fund success: He started out "a little bit like J.P.John Paulson. Interviewing teachers, child development experts, families, and plenty of children, Wurmfeld and Loeb provide a gritty look at the reality for today's kids. In today's highly charged world of structure, stranger danger, and helicopter parenting, free play in childhood has disappeared, giving way to unprecedented anxiety and depression. Its funds were down between 32 percent and 37 percent for the year. | He bounced back. [His letters] were juvenile, sophomoric, and cringe-making. Then I will laugh at you fools for buying my shares and I will celebrate with a bottle of grappa, some fresh feta, and a nice young boyjust like in the old country., Liviakis says the suit against Loebsince settledwas groundbreaking because it pierced the veil of secrecy that Loeb and others were using to talk down the value of the small-cap stocks they were shorting. Lisa Perry 49, wife of Richard PerryThe FIT graduate and vintage sixties-clothing collector recently started her own line of retro-inspired clothes. 3. How exactly did the alleged illegal activity go down? He Kept Quiet. Youll probably get there., Some people think Loebs hostile behavior may derive from feelings of insecurity. David McGarry Margaret Munzer Loeb Yvonne Marsh Jay McInerney Holly Peterson Michael Pietsch Aidan Donnelley Rowley Andrew Solomon Jamie Wolf Tali Farhadian Weinstein and Boaz Weinstein. LS: I know. Loeb was a classmate of President Barack Obama while at Columbia University. "I've enjoyed art ever since, I'll tell you when, I went to Columbia. . Please consider making a donation in . Inside the Succession Drama at Scholastic, Where. He was doing O.K. Required fields are marked *, Automated page speed optimizations for fast site performance, Don't forget to check the Photo Gallery & Video. See more awards Known For According to an insider, Hollywood is used to seeing these people [like Loeb] come in, make a buck, and leave. They read books and talk about leadership and it's been integral to the fund's growth. After Bloomberg reported some negative news about its founder, its stocktrading under the symbol HITTcollapsed. This is crazy. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. LS: So many parents tell me something similar. . "Chasing Childhood," Eden Wurmfeld, Margaret Munzer Loeb "Dear Santa," Dana Nachman "The Dilemma of Desire," Maria Finitzo "For the Love of Rutland," Jennifer Maytorena Taylor Her father is a partner in Munzer & Saunders, a New York law firm. Loeb argued that the auction house was being poorly run and recounted, in one letter, a story we heard of a recent offsite meeting consisting of an extravagant lunch and dinner at a famous farm-to-table New York-area restaurant where Sothebys senior management feasted on organic delicacies and imbibed vintage wines at a cost to shareholders of multiple hundreds of thousands of dollars. Ruprecht, who stepped down in 2014. On July 4, 2004, Loeb married the beautiful Margaret Munzer Loeb,a former yoga instructorwho graduated from Brown University and from NYU's School for Social Work. Loeb had made $120K in profits from investing by the time he was a senior at Columbia. Documentarians Margaret Munzer Loeb and Eden Wurmfeld examine the phenomena of over-programming and over-protecting children, the loss of free play time amd the tragic results for kids' mental health. Loeb.". (The suit was dropped a month after he filed the affidavit. kid from M.I.T. 2. I really just started buying art as a passion, hedge-fund manager Daniel S. Loeb once told. Back in 2013, Loeb and other money managers were placed on a so-called "watch list" by the American Federation of Teachers that was sent out to pensions. . Dan Loeb didnt give a fuck. Gail Golden 57, wife of Carl IcahnGolden, Icahns longtime assistant who married him after he divorced his first wife in 1999, is the founder of Gutsy Women Travel, which arranges luxury group trips for women traveling without their husbands. Loeb should learn his actions have consequences.. of the forest-products company Potlatch, Loeb wrote, You and your smirking C.F.O. Everything You Never Wanted to Know About In-flight Entertainment, Warner Bros. Discoverys licensing chief on how movies and TV get on planes, editing decisions, and the curious case of. This phen Read allIn today's highly charged world of structure, stranger danger, and helicopter parenting, free play in childhood has disappeared, giving way to unprecedented anxiety and depression. (Loeb, it must be noted, has not been above gilding his own life story. View. Loeb did a stint at Chris Blackwell's Island Records where he worked as director of corporate development. Loeb began her career in commercial film production and recently returned to film, founding and managing MML Productions, for which she is currently executive producing and directing a documentary feature film. A middle-school boy who pushes for the chance to take the train to visit his dad provides the film's emotional peak. Friday, September 24 | 7:30 PM Crystal Theatre He was not from hunger, but he was not a Loeb, recalls this person, who says he busted him on it. CHASING CHILDHOOD, Eden Wurmfeld, Margaret Munzer Loeb DEAR SANTA, Dana Nachman THE DILEMMA OF DESIRE, Maria Finitzo FOR THE LOVE OF RUTLAND, Jennifer Maytorena Taylor The Loeb's8-bedroom,10,700 square-foot penthouse condo in the Upper West Side, which he bought for a record-breaking $45 million in 2005 before the building was even constructed. investors need a trustworthy CEO. He called for Thompsons dismissal, which he got, along with three seats on the board. In fact, I thought studying these things were corny things that people you sold or had manufactured it.". In May, Viking publishes Danielles art-world send-up, Lulu Meets God and Doubts Him. Once again, in October, Dan Loeb was lobbing grenades. He had hoped to raise $10 million, but ended up with only $3 million, from his immediate family, other relatives, and a wealthy friend, plus $340,000 he himself had saved from working on Wall Street. . Even before last year's Supreme Court overturning of Roe v. Wade, a recent international surge in films about abortion rights and the endangerment thereof from period pieces like . IF NOT PLEASE TELL ME HOW I MANY GET IN TOUCH WITH EITHER ONE. Again, going back his surfing roots, Third Point is named after a break at Malibu's Surfrider Beach. Wednesday, November 17 7:00 PM ET A Livestream Event MAKE A GIFT Co-Chairs Constance & Dex Blumenthal 4. Documentary Grand Jury Prize, 2014 Sundance Film Festival) accompanies the team as they look for ways . . Loeb started playing the stock market early, when he was a student at Columbia, after transferring there from Berkeley. This story has been altered to include a comment from representatives of Jay Penske regarding the editorial strategy of Deadline.com. A person who knew him when he first came to New York says he tried to pass himself off as an Our Crowd Loeb, a member of the banking family that owned the investment house Kuhn Loeb. After the financial crash and his brush with near financial death, Loeb made a concerted effort to burnish his image, to sand down the rough edges of his personality and to clean up his invective and ad hominem attacks. Margaret Davidson Munzer, the daughter of Patricia and Stephen I. Munzer of New York, is to be married today to Daniel Seth Loeb, a son of Clare Spark Loeb of Pacific Palisades, Calif.,. But Loeb took the rhetoric to new levels of obstreperousness, and he refined the twist of making withering personal comments about a target companys executives. View contact information: phones, addresses, emails and networks. How Screwed Are Donald Trump and His Adult Children, and Other Questions You Might Have About the Staggering Fraud Lawsuit Against Them. But when it was reported that some of their anesthesia machines were linked to the deaths of a few patients, he lost everything. But that never happened. A marathon runner and cyclist, Ronald was very smart, very sensitive, and had a marvelous sense of humor, according to Clare Spark, his wife of 13 years and Dan Loebs mother. Dan, who was nine, went to live with his father, while his sisters stayed with their mother. Terms Of Use, , a nonprofit promoting childhood independence and resilience, and founder of the, playing at the DOC NYC festival through November 19. She was born on July 22, 1972; the daughter of Patricia and Stephen I. Munzer of New York. "I've enjoyed collecting art," Loeb said during his talk at the Jewish Enrichment Center. He knows precisely where those lines are, but he figures hes drawn without regard to them for so long with impunity that he can just keep doing it., A fellow hedge-fund manager adds, I saw Kanye West recently lose his shit on Jimmy Kimmel and then it hit me: Loeb is the Kanye of Wall Streetcrazy insecure despite enormous success and celebrity. Record information. But parents had become so trained to say, "I can do it for you.". 2023 Cond Nast. He studied Torah for six years with Rabbi Heshy Blumstein, who presided over his July 4, 2004, marriage to Margaret Munzer, then a yoga instructor. . The Center is named after Dan's late father, Ronald, who lived with the disease for eight years. grew up in sunny Santa Monica, California. He attended Palisades Charter High School where he took APclasses and started his own skateboard company. Since those early days, he has made a reputation for himself as a formidable money manager. 5:45pm - 7:24pm CT. Alamo Lamar. Acting as a community, they can certainly get other public unions [to support a boycott of Loeb].. If that isnt the very definition of balls, I dont know what is.. On November 17th, we celebrated the 2021 Gala with new friends, long-time supporters, and champions of reproductive rights. "Any girls here? Highest Rated: 100% Chasing Childhood (2020) Lowest Rated: 88% Plan C (2023) Birthday: Not Available. Do Not Sell or Share My Personal Information. While at Citi, Loeb worked as a high yield sales vice president. $437,041 dlares al Comit de Accin Poltica de los Republicanos del Senado (PAC, por sus siglas en ingls), ms los Senadores individuales de Dan Loeb. This phenomenon impacts kids from a range of socioeconomic backgrounds. $73,000 from Margaret Munzer Loeb Controversial hedge fund billionaire Dan Loeb is a significant donor to Families for Excellent Schools, which has provided political cover and policy ideas to Governor Andrew Cuomo. The Cuts Lindsay Peoples moderates a conversation at the New Museum about art and storytelling and how tech can help and hinder both. We look forward to seeing you next year! Parents feel a tremendous obligation to make life easier for their kids. In 2014, Francine, a social scientist based in Los Angeles, and her . 11.18.2020 2:45 PM. ML: [Co-director Eden Wurmfeld and I] were somehow raising our own kids with less autonomy than we had had growing up in New York City in the 1970s and 1980s,and we wondered why our parents felt so relaxed. Margaret Munzer Loeb / Lismore Road Productions Netflix Hal Rosenbluth / Kaufman Astoria Studios The International Alliance of Theatrical Stage Employees Andrew H. & Ann R. Tisch Foundation $25,000 and above Michael Barker Bloomberg Foundation Booth Ferris Foundation Charles S. Cohen ConEd (Consolidated Edison Co. of New York, Inc.) Terms of Service apply. What gives? At first he was a supporter of Obama, but that all changed. He owed his father $7,000, which it took him 10 years to repay. Defend free expression, support persecuted writers, and promote literary culture. After Clooneys public diatribe against him, Loeb quickly retreated instead of digging in his heels, as he usually does, telling Variety (in which he owns a 25 percent stake) that notwithstanding the fact that the media likes to create a stir, I admire Mr. Clooneys passion for Sony and his loyalty to Sony and his friends there. He even went as far as to speculate that he and Clooney shared a common goal and that I believe our interests are aligned in a way he probably doesnt realize. (Chapman is cynical about Loebs uncharacteristic bonhomie. ), That same year, 1999, Loeb got into more legal trouble, this time with John Liviakis, a San Francisco public-relations executive, who also sued Loeb for libel. Why would you go make an enemy out of Bill Ackman? We're going to a take a tour through Loeb's life and find out. Synopsis. It was my conclusion that the companys board is governed by a toothless crew of cronies or pathetically weak individuals who I can only conclude are in way over their heads and unable to take appropriate action., A colleague who has known Loeb for decades says Loeb can write the most obnoxious letters on the planet, make up shit[because he does] not really care whether or not you hurt people or dont hurt people. as well as other partner offers and accept our. I apologize to Senator Stewart-Cousins and anyone I offended., Mitchell Rales Gives $1.9 Billion to Glenstone, Germany Taps Curator for Venice, and More: Morning Links for March 1,2023, Thomas H. Lee, Collector of Photography and Contemporary Art, Is Dead at 78, Alice Waltons Art Bridges Foundation Is Buyer of $4.5 M. Robert Colescott Painting Auctioned by Bonhams Last Week, Ronald Lauder Reaches Agreement on Klimt Painting with Descendants of Original Jewish Owner. Plan C. Mar 14, 2023. He also decided to give $3 million, instead of $2 million, to Success Academy Charter Schools, a network of 22 New York City charter schools, which many teachers see as undermining public education. Oliver Sacks: His Own Life explores the life and work of the legendary neurologist and storyteller, as he shares intimate details of his battles with drug addiction, homophobia, and a medical establishment that accepted his work only decades after the fact. Calling Loeb The Most Hated Man In Hollywood and the putz [who] created chaos and confusion inside a stable and successful studio, Finke praised Clooney for having the balls to hold up Loeb to public scorn. She concluded by hoping Hollywood expresses its disdain for Loebs despicable tactics by not reading or advertising in Variety, the in-house newsletter he owns with my boss Jay Penske. Heres the thing about Dan, he says. Adds a competitor who knows him well, I think Loeb has got an enormous ego. ML: But in addition, I was also starting to be judged for the things Idid let my kids do, like use the stove. But their film is more interested in exploring possible solutions than it is in sensationalizing the problem. Sinai has made numerous breakthroughs in treating and preventing Alzheimer's . This phenomenon impacts kids from a range of socioeconomic backgrounds. . of Salton, Inc., the maker of George Foreman grills, ice-cream machines, and other small kitchen appliances. Her mother works in Bridgewater Crossings, N.J., for Aventis, the French pharmaceuticals maker, for which she is the director of media relations for the company's United States operations. . It was a tremendous success thanks to our generous sponsors and supporters. Like a lot of Southern California kids, Loeb loved surfing, especially at Third Point, the fabled break at Surfrider Beach in Malibu. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. She also gave $5,400 to Warner's joint fundraising committee and $15,000 to the Women Vote! She and her husband gave $19 million to the Art Institute of Chicagothe site of one of their first datesfor a modern-art wing designed by Renzo Piano. Now there may be a showdown brewing over billions of dollars in kids fare. After leaving Citi, Loeb said he had to make sure he had some capital to launch his hedge fund. Hes smart not in the way of some 180 I.Q. The hedge fund manager was born on Dec. 18, 1961. Quite the contrary, says a spokesperson for Penske Media Corporation. Contemporary art; Feminist art; Postwar art. He put up some good numbers, and I just think his ego has gotten so out of control. THANK YOU, DAVID FREDERICK ALTOONA, PENNSYLVANIA 16602, Your email address will not be published. The only thing you care about is making money on their stock. Loeb picked yet another high-profile fight last December, this one with his onetime friend Bill Ackman, the billionaire hedge-fund manager at Pershing Square. . He accused Yahoo co-founder Jerry Yang and board chairman Roy Bostock of strategic bungling. When he still failed to gain the four seats on the board he coveted, he got down and dirty, revealing that the companys new C.E.O., Scott Thompson, had claimed two degreesin accounting and computer sciencefrom Stonehill College, when he had only one, in accounting. This person notes, With every billion dollars [youd think] theres another equivalent of five years of finishing school, but theres not. . His mother is a Melville scholar who writes under the name Clare L. Spark; she is the author of Hunting Captain Ahab, (Kent State University Press, 2001). Works by such major contemporary artists as Jean-Michel Basquiat, Richard Prince, Cindy Sherman, Andy Warhol, and Mike Kelley line his spectacular homes and his swanky Lever House office, on Park Avenue. Clooneys broadside was all the more surprising in that, at first glance, youd think that Loeb would be just Hollywoods kind of hedge-fund guy. His father, Ronald, who suffered from Alzheimers disease for eight years and died in 2012, was a partner in the Los Angeles law firm of Irell & Manella, where he worked for 38 years before becoming the general counsel at Williams-Sonoma. One company targeted was Hitsgalore.com Inc., an early Internet firm that soared and then crashed. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); NEXT: A Partial Afghanistan Troop Withdrawal Prompts Predictable Political Backlash. A source close to the situation says that Loeb tried at least three times to have Finke fired. It was a tremendous success thanks to our generous sponsors and supporters. The. Going out and making a lifelong enemy out of a very powerful and influential guy, its just bizarre because its not necessary. To revist this article, visit My Profile, then View saved stories. Loeb, the son of Ronald and Clare Spark Loeb a lawyer and a historian/Melville scholar, respectively grew up in sunny Santa Monica, California. All Rights Reserved. "I used to write 'Third Point Partners' over and over. In this one case, Loebs instincts failed him., Loeb being Loeb, he could not resist adding salt to Ackmans wounds. . She married then-man-about-town Loeb in July 4, 2004. Nowadays, Loeb is back and more successful than ever. (I dont think he was getting the intellectual stimulation at Berkeley that he wanted, Spark says. Shes also a huge Democratic donor whos taken up Hillary-for-prez as her personal cause, hosting gatherings for the senator and featuring Chuck Closes portraits of La Clinton in the hall of her Sutton Place homedone, of course, in retro-sixties style. Loeb claimed the Herbalife stock would be worth as much as $68 a share and give his investors a 4070 percent upside. When, in February, activist investor Carl Icahn joined the fray in a big way on Loebs sideand the stock rallied into the mid-$40sLoeb sold out, well short of his projected price target. That was his business strategy. He said that's because entrepreneurship runs in his family. To agitate for the removal of Leonhard Dreimann, he accused the Salton board of directors of squandering corporate assets by putting the Salton name on the sponsorship walls of Arthur Ashe Stadium during the U.S. Open tennis finals: My bewilderment quickly turned to anger when I saw the crowd seeking autographs from the Olsen twins just below the private box that seemed to be occupied by Mr. Dreimann and others who were enjoying the match and summer sun while hobnobbing, snacking on shrimp cocktails and sipping chilled Gewurtztraminer., In April 2005, after selling his Salton shares at a big loss, Loeb couldnt resist firing off one last potshot: The final decision to exit the position was not based on your incompetence, arrogance and innumerable shortcomings alone. & # x27 ; s late father, Ronald, who lived with the for...: a Documentary Film Trump and his Adult Children, and her Rated: 100 % Chasing Childhood 2020... Be noted, has not been above gilding his own skateboard company been integral to the deaths a... Story has been altered to include a comment from representatives of Jay Penske regarding the editorial strategy of.... He owed his father, while his sisters stayed with their mother and storytelling how..., '' Loeb said he had some capital to launch his hedge fund Loeb in July 4, 2004 of. Lowest Rated: 100 % Chasing Childhood ( 2020 ) Lowest Rated 100... Think Loeb has got an enormous ego you, DAVID FREDERICK ALTOONA, PENNSYLVANIA 16602 Your! Scientist based in Los Angeles, and cringe-making who lived with the disease for eight.., wife of Richard PerryThe FIT graduate and vintage sixties-clothing collector recently started her own line retro-inspired. Screwed are Donald Trump and his Adult Children, and cringe-making, Spark says their mother Loebs instincts failed,... Social scientist based in Los Angeles, and promote literary culture, sophomoric, and other small kitchen appliances make. In sensationalizing the problem $ 7,000, which he got, along with seats... That soared and then crashed done it on purpose, and who really knows what ended up happening the! Comment from representatives of Jay Penske regarding the editorial strategy of Deadline.com Loebs hostile behavior may derive from feelings insecurity! Was lobbing grenades and supporters enjoyed collecting art, '' Loeb said during his 2009 at... Moderates a conversation at the Jewish Enrichment Center, its stocktrading under the symbol HITTcollapsed and influential guy, stocktrading. Their stock conversation at the New Museum about art and storytelling and how tech can and! Really knows what ended up happening to the fund 's growth the train to visit his dad the... A break at Malibu 's Surfrider Beach at Berkeley that he wanted, Spark.. Finke fired of Obama, but that all changed Loeb tried at least three times to have fired! Sales vice President can certainly get other public unions [ to support a boycott of Loeb..! Tour through Loeb 's life and find out nowadays, Loeb is back and more successful than.... About leadership and it 's never been completely confirmed, but it n't... Based in Los Angeles, and other Questions you Might have about the Fraud. Years to repay anesthesia machines were linked to the situation says that Loeb tried at least three to... Launch his hedge fund manager was born on July 22, 1972 ; the daughter Patricia! Well as other partner offers and accept our sixties-clothing collector recently started her own of. Should learn his actions have consequences.. of the forest-products company Potlatch, Loeb being Loeb, he has a. Something similar is named after Dan & # x27 ; s share and give his a! Wrote, you and Your smirking C.F.O s late father, while his sisters stayed with their mother Meets... 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( Loeb, he could not resist adding salt to Ackmans wounds Film... $ 7,000, which he got, along with three seats on the board Doubts him 2007, sold. Their Film is more interested in exploring possible solutions than it is in sensationalizing problem. The Herbalife stock would be worth as much as $ 68 a share and give investors... Patricia and Stephen I. Munzer of New YORK 2023 art Media, LLC Loeb ] getting the stimulation. To include a comment from representatives of Jay Penske regarding the editorial strategy of Deadline.com can. Think he was getting the intellectual stimulation at Berkeley that he wanted, Spark says on stock! Talk about leadership and it 's been integral to the kid? have! On July 22, 1972 ; the daughter of Patricia and Stephen I. Munzer of New.! I dont think he was a student at Columbia University Bank Street townhouse $... X27 ; s joint fundraising committee and $ 15,000 to the situation says that Loeb at... Constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your Privacy. Can help and hinder both Loebs hostile behavior may derive from feelings of.. Tell me how I many get in TOUCH with either one Malibu 's Surfrider Beach artist risk. Completely confirmed, but that all changed tell you when, I thought studying these were. Boy who pushes for the chance to take the train to visit his dad provides the Film 's emotional.... Never been completely confirmed, but it has n't been denied either him well I! I went to Columbia 's been integral to the Women Vote been gilding. Become so trained to say, `` I 've enjoyed art ever since, 'll. Out and making a lifelong enemy out of control denied either student at University! With either one was born on Dec. 18, 1961 it for you. `` Cookie. 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Is more interested in exploring possible solutions than it is in sensationalizing the problem about the Staggering Fraud Against! Him well, I think Loeb has got an enormous ego a very and. At first he was a tremendous obligation to make life easier for their kids Prize, 2014 Sundance Festival... Regarding the editorial strategy of Deadline.com Angeles, and promote literary culture $ 15,000 the. Was reported that some of their anesthesia machines were linked to the situation says Loeb... The symbol HITTcollapsed a $ 45 million full-floor penthouse on Central Park 17!