A billionaire hedge fund manager has apologized for an online post saying that a black state senator has “done more damage to people of color than anyone who has ever donned a hood” because of her support for teachers unions.
Daniel Loeb issued a statement saying he regrets the language he used in the Facebook post about Senate Minority Leader Andrea Stewart-Cousins, a Yonkers Democrat. The post, an apparent reference to the white headgear of the Ku Klux Klan, was deleted late Thursday.
Loeb, the CEO of the investment firm Third Point, is a top donor to Democratic Gov. Andrew Cuomo and many other politicians. He is a leading supporter of charter schools.
Cuomo and other Democrats quickly denounced Loeb’s comments.
“These comments were deeply hurtful and offensive and there is no place for this type of rhetoric in any discourse — political or otherwise,” Cuomo said in a statement.
“Daniel Loeb should be utterly ashamed of his disgusting statements,” Murphy said. “This whole episode speaks volumes about the state of our politics right here in New York.”
While Loeb deleted his remarks, the Times reported the text and the AP obtained a screenshot of the post.
“Thank God for Jeff Klein and those who stand for educational choice and support Charter (sic) funding that leads to economic mobility and opportunity for poor knack kids,” the post read. “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.”
Klein, another recipient of Loeb contributions, also distanced himself from the remarks.
“The statements are wrong and have to be repudiated,” he said in a statement.