CFT_Banner

Requiem for a Raider

Sad news, one of the original shareholder activists and corporate raiders, Saul Steinberg, passed away yesterday.

His story of investment success is a great one…

Saul Steinberg, who led massive takeovers of companies before the titans of private equity popularized leveraged buyouts, and became one of the first personalities in finance to be dubbed a corporate raider, has died at the age of 73.

A lover of dealmaking, Steinberg rose to Wall Street prominence in the 1960s but ran into health and financial difficulties by 2000. His death was announced on Friday by CNBC, where his daughter-in-law Maria Bartiromo is a presenter.

Keep Reading:

Saul Steinberg, early “corporate raider”, dies at 73 (Chicago Trib)

Financier Saul Steinberg Dies at 73 (CNBC)

Saul P. Steinberg, Financier Who Challenged Chemical Bank, Dies at 73 (New York Times)

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

CFT_Banner