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From: StockDung9/9/2017 5:55:23 PM
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Charter school foes slam Dan Loeb


By Selim Algar
August 15, 2017 | 10:29pm



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Hedge fund manager Daniel Loeb Reuters

Charter-school foes have pounced on Success Academy Chairman Dan Loeb’s racially insensitive criticism of a Westchester politician as a pretext to drain their resources, the school group’s CEO said in a statement Tuesday.

Hedge-fund investor Loeb used offensive language last week to rip state Senate Democratic leader Andrea Stewart-Cousins as politically beholden to teachers unions.

“Meanwhile, hypocrites like Stewart-Cousins who pay fealty to powerful union thugs and bosses do more damage to people of color than anyone who has ever donned a hood,” Loeb wrote in a Facebook post that he later deleted and for which he apologized.

In a note to parents and staffers Tuesday, Success CEO Eva Moskowitz reiterated a prior apology for Loeb’s remarks while arguing that anti-charter groups were harnessing the fiasco to advance their agendas.

“Unfortunately, charter-school opponents are now trying to seize upon this ­incident,” she said. “They are trying to use it to deprive our children of the resources they deserve, arguing that Success Academy ‘should not be receiving any more public funds.’”

Dan Loeb apologizes for racially charged Facebook post

There was no indication from Moskowitz that the controversy would topple Loeb.

The Rev. Al Sharpton, Mayor De Blasio, First Lady Chirlane McCray, City Council Speaker Melissa Mark- ­Viverito and others have called for Loeb to step down.

Loeb’s comments came in the wake of a prior exchange Stewart-Cousins had with Gov. Cuomo over his suggestion that Independent Democratic leader Jeff Klein was better suited to court suburban votes.

Stewart-Cousins reportedly told Cuomo that his calculation was rooted not in political logic but innate racism toward black women.
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