Bloomberg reports that David Einhorn, the hedge-fund manager who said yesterday he would spend $200 million to buy a minority stake in the New York Mets, isn’t afraid of a fight. On the eve of the announcement, Einhorn, who heads New York’s $7.8 billion Greenlight Capital Inc., told an investment conference crowd of 1,800 that software giant Microsoft Corp. (MSFT)’s board should oust Chief Executive Officer Steve Ballmer.
“It’s time for Microsoft’s board to tell Steve Ballmer, ‘All right, we see what you can do, let’s give so-and-so a chance,’” Einhorn, 42, said at the Ira Sohn Investment Conference in New York.
Einhorn has never been shy. Four months before Lehman Brothers Holdings Inc. went bankrupt, he publicly questioned the firm’s accounting, and for years he fought lender Allied Capital over how it valued assets. The outspoken Einhorn’s next challenge is partnering with Fred Wilpon, the Mets majority owner who is trying to turn around his money-losing team and resolve a $1 billion lawsuit brought by the trustee representing victims of Bernard Madoff’s Ponzi scheme….
Read more at: http://www.bloomberg.com/news/2011-05-27/einhorn-believes-in-mets-turnaround-with-fantasy-baseball-becoming-reality.html
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