Perdido 03

Perdido 03

Wednesday, June 24, 2015

Success Academy Board Member Daniel Loeb Hosts $5,000 A Head Fundraiser For Andrew Cuomo

Governor Cuomo came through for charter schools once again this legislative session, raising the charter cap by 180 and imposing a ton of new mandates on public schools that do not count for charters (i.e., the teacher evaluation system.)

And so the charter school supporters will pay Cuomo back for his political largesse:

Hedge fund manager and charter school advocate Daniel Loeb is standing by Governor Andrew Cuomo.

On the evening of Saturday July 11, he and his wife Margaret Munzer Loeb will host a fund-raiser for Cuomo at their residence in East Hampton, according to an invitation sent out to multiple donors and acquired by Capital.

Individual tickets for what is billed as an "intimate reception" will cost $5,000 each, though host committee sponsorships "are available."

Loeb had no comment as to why he was fund-raising for the governor.

He and his wife have donated to the governor in the past.

The Third Point C.E.O. serves on the board of StudentsFirstNY, a pro-charter advocacy group whose board members also include former schools chancellor Joel Klein and Success Academy Charter Schools founder Eva Moskowitz.

Loeb also chairs Success Academy's board and is one of Moskowitz's most stalwart supporters and defenders.

The hedge fund managers/charter school supporters started paying Cuomo off with cash before he ran for governor and it continues all the way until today.

He's gotten more than $4.8 million dollars in contributions from 570 hedge fund managers since 2000.

In addition, some of those same hedge fund managers contributed millions to a charter school shell group called Families For Excellent Schools that ran ads and lobbied for charter causes on Cuomo's behalf. FES was the winner in "Who Spent The Most Money Lobbying?" competition, dropping $9.7 million in 2014 on lobbying expenditures.

Then there was the shadowy group called the Committee To Save New York that spent millions on pro-Cuomo ads touting the governor's agenda. The group raised $12 million dollars from just 20 donors to help Cuomo out politically.

CSNY closed up shop when the law was changed and donors and contributors had to be revealed, but you can bet that there were some of the same names on the CSNY list that are on the Families For Excellent Schools, Students FirstNY and Success Academies list.

And let's not forget that StudentsFirstNY helped create New Yorkers For A Balanced Albany, an independent expenditure committee that dropped $4.2 million in support of a Republican takeover of the New York State Senate - having Republicans in charge in the state Senate has helped Cuomo push through his pro-charter, anti-public school agenda.

Judging from how much they've paid him over the years and how they continue to pay him now, shilling for charter schools and education has been a very profitable enterprise for Andrew Cuomo.


  1. LOVE IT!!! So blatant. Love how it's just so damn blatant. Amazing!!!! Dude has BALLS OF STELL. MR. UNTOUCHABLE.

  2. If this shocks anyone, they need serious, intense, and daily help from many mental health professionals. Really.

    The answer to literally everything is precisely right here. Why did NY adopt common core? Read this post. Why does NY continually double down on VAM and teacher-hating APPR's? Read this post. Why does Tisch exist? Read this post.

    If there is anyone out there who thinks that the Governor/NY Ed Reformers have even the slightest care in the world for education or educational outcomes, please go back for another lobotomy. It was never and will never be about education. The debate about education in New York State is not about education. Never was.
    Its about privatization. PERIOD.