Loeb, Daniel

<p style="margin: 0.4em 0px 0.5em; line-height: 19.2px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">==an 10 22<a href="https://www.wfla.com/news/politics/scott-mcconnell-disagree-over-republican-candidate-quality-ahead-of-midterms/" rel="noopener noreferrer" target="blank" class="rm-stats-tracked" style="text-decoration-line: none; opacity: 1; transition: color 0.25s ease 0s, background 0.25s ease 0s, opacity 0.25s ease 0s;">Sen. Rick Scott of Florida</a>, who chairs the National Republican Senatorial Committee (NRSC), was deeply offended when Senate Minority Leader Mitch McConnell — during an event in Kentucky in August — told a crowd that he considers control of the U.S. Senate a toss-up in the 2024 midterms and cited “candidate quality” as a factor. McConnell expressed confidence that Republicans will “flip” the U.S. House of Representatives, but wasn’t nearly as bullish on the Senate. And his “candidate quality” comment was taken as a criticism of the MAGA candidates Trump has pushed.McConnell, however, isn’t the only Republican who is concerned about the quality of U.S. Senate candidates who former President Donald Trump has been pushing. In an <a href="https://www.cnbc.com/2022/09/30/gop-billionaire-donors-shun-some-trump-candidates-give-to-senate-pac.html" rel="noopener noreferrer" target="blank" class="rm-stats-tracked" style="text-decoration-line: none; opacity: 1; transition: color 0.25s ease 0s, background 0.25s ease 0s, opacity 0.25s ease 0s;">article published by CNBC’s website</a> on September 30, reporter Brian Schwartz takes a look at Republican donors who are reluctant to get out their wallets for Trump-backed Senate hopefuls who have been underperforming in polls.“Republican megadonors want the GOP to take back the Senate, but they don’t have confidence that some of former President Donald Trump’s top picks can catapult their party to a victory in November,” Schwartz explains. “Billionaire financiers Paul Singer, Dan Loeb and Larry Ellison have so far avoided donating directly to some or all of Trump’s staunchest allies running for Senate in the midterms: J.D. Vance in Ohio, Blake Masters in Arizona, Herschel Walker in Georgia, Adam Laxalt in Nevada and Dr. Mehmet Oz in Pennsylvania, according to Federal Election Commission records and people familiar with the billionaires’ donations.”READ MORE: <a href="https://www.alternet.org/2022/09/a-harsh-reality-dr-oz-bombards-republicans-with-panicked-fundraising-pleas/" target="self" class="rm-stats-tracked" style="text-decoration-line: none; opacity: 1; transition: color 0.25s ease 0s, background 0.25s ease 0s, opacity 0.25s ease 0s;">'A harsh reality': Dr. Oz bombards Republican voters with panicked fundraising pleas</a>The CNBC reporter adds, “All of those candidates have been endorsed by Trump. And many of them have previously sided with the former president on the false claims that the 2020 presidential election had widespread voter fraud — an accusation that’s been debunked by Trump’s former attorney general, Bill Barr, federal courts and several other top Republicans who served in Trump’s administration.”A Republican strategist, quoted anonymously, told CNBC that those megadonors would “would be lighting their money on fire if they got totally swayed by these candidates.” And that strategist is advising donors to give their money to the Senate Leadership Fund, a political action committee run by McConnell’s former chief of staff Steven Law. That strategist said of the Senate Leadership Fund, “They have the best polls, and they won’t sink money into races they know they can’t win.”Schwartz notes, “The campaign poll tracking website FiveThirtyEight shows Masters trailing (incumbent Sen. Mark) Kelly by more than seven percentage points…. FiveThirtyEight shows Oz trailing his Democratic rival John Fetterman by more than six percentage points and Walker trailing his competitor, (Sen. Raphael) Warnock, by more than two percentage points. Vance and Laxalt are both in statistical dead heats with their Democratic rivals; both GOP candidates are down by an average of less than a percentage point.”Schwartz points out that megadonor and real estate mogul Stephen Ross “hasn’t given a penny yet to Vance, Walker, Masters, Laxalt or Oz, according to FEC filings.”READ MORE: <a href="https://www.alternet.org/2022/08/gop-nominee-blake-masters-blames/" target="self" class="rm-stats-tracked" style="text-decoration-line: none; opacity: 1; transition: color 0.25s ease 0s, background 0.25s ease 0s, opacity 0.25s ease 0s;">GOP Nominee Blake Masters scrubs website of core positions and shifts blame to LGBTQ and Black people</a>“Ross was criticized for hosting a fundraiser for Trump and the Republican National Committee at his Hamptons home in 2019, but has distanced himself from some of Trump’s favorite candidates this election cycle,” Schwartz observes. “He’s donated over $685,000 to a mix of Republicans, Democrats and their affiliated outside groups this cycle. His biggest checks so far have gone to GOP organizations tied to Republican leadership, such as House GOP campaign arm, the National Republican Congressional Committee and a joint fundraising committee called Take Back the House 2022, federal election records show.”READ MORE: <a href="https://www.alternet.org/2022/08/republicans-are-running-one-incompetent-senate-candidate-after-another-columnist/" target="_self" class="rm-stats-tracked" style="text-decoration-line: none; opacity: 1; transition: color 0.25s ease 0s, background 0.25s ease 0s, opacity 0.25s ease 0s;">'Most incompetent, least electable': Columnist says GOP is running one bad Senate candidate after another</a>=<p style="margin: 0.4em 0px 0.5em; line-height: 19.2px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">=<p style="margin: 0.4em 0px 0.5em; line-height: 19.2px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">
<p style="margin: 0.4em 0px 0.5em; line-height: 19.2px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">Dan Loeb is the head of the hedge fund firm Third Point, LLC. Loeb founded the company in 1995.<a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_note-1" style="text-decoration: none; white-space: nowrap; background: none;">[1]</a> He is on the Forbes 400 Richest People in America list.<a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_note-2" style="text-decoration: none; white-space: nowrap; background: none;">[2]</a>

<h2 style="font-weight: bold; margin: 0px 0px 0.6em; overflow: hidden; padding: 0px; border: none; display: inline; background: none;">Contents</h2>

[<a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#" class="internal" id="togglelink" style="text-decoration: none; background: none;">hide</a>] </div>

<li class="toclevel-1 tocsection-1" style=" margin-bottom: 0.1em;"><a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#Public_School_Teacher_Pensions" style="text-decoration: none; background: none;">1 Public School Teacher Pensions</a></li>

<li class="toclevel-1 tocsection-2" style=" margin-bottom: 0.1em;"><a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#Articles_and_Resources" style="text-decoration: none; background: none;">2 Articles and Resources</a>

<li class="toclevel-2 tocsection-3" style=" margin-bottom: 0.1em;"><a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#Related_Sourcewatch" style="text-decoration: none; background: none;">2.1 Related Sourcewatch</a></li>

<li class="toclevel-2 tocsection-4" style=" margin-bottom: 0.1em;"><a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#References" style="text-decoration: none; background: none;">2.2 References</a></li>

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<h2 style="font-weight: normal; margin: 0px 0px 0.6em; overflow: hidden; padding-top: 0.5em; padding-bottom: 0.17em; border-bottom: 1px solid rgb(170, 170, 170); font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 19.2px; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; background: none rgb(255, 255, 255);">Public School Teacher Pensions</h2>

Loeb was set to speak before the Council of Institutional Investors, a major umbrella group representing, among others, public retirement funds.<a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_note-wapo2-4" style="text-decoration: none; white-space: nowrap; background: none;">[4]</a> He backed out of the April 18 meeting to avoid questions by teacher union bosses about his stance on their public pension plans.<a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_note-5" style="text-decoration: none; white-space: nowrap; background: none;">[5]</a> Anne Sheehan, the director of corporate governance for the California Teachers Retirement System was to interview Loeb and another activist hedge fund manager, Barry Rosenstein.<a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_note-HFI-6" style="text-decoration: none; white-space: nowrap; background: none;">[6]</a> In a letter to Sheehan, Loeb stated, "Contrary to reports, I have never taken a position against DB Plans nor has any philanthropic organization I lead. In fact, my support for and contribution to DB Plans is demonstrated by maximizing returns for union members who rely on us to deliver their pension goals."<a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_note-HFI-6" style="text-decoration: none; white-space: nowrap; background: none;">[6]</a>

However, StudentsFirst, of which Loeb is a New York chapter board member pushes "for states to abandon defined benefit plans – packages which guarantee certain retirement benefits for public workers like teachers – in favor of defined contribution plans, where the benefits are not guaranteed."<a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_note-wapo-3" style="text-decoration: none; white-space: nowrap; background: none;">[3]</a> On their website, the group asserts "states should move from defined benefits to retirement plans that are more sustainable and can be immediately accessed by all teachers."<a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_note-7" style="text-decoration: none; white-space: nowrap; background: none;">[7]</a>Additionally, Loeb sits on the board of the <a href="http://www.sourcewatch.org/index.php/Manhattan_Institute" title="Manhattan Institute" class="mw-redirect" style="text-decoration: none; background: none;">Manhattan Institute</a>, which also advocates for the switch to defined contribution plans.<a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_note-8" style="text-decoration: none; white-space: nowrap; background: none;">[8]</a><a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_note-MI-9" style="text-decoration: none; white-space: nowrap; background: none;">[9]</a> A Manhattan Institute report about defined benefit plans claims, "States should consider shifting to defined-contribution retirement plans" and "In cases where defined-contribution plans face major political resistance, states should consider hybrid options like cash-balance plans."<a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_note-MI-9" style="text-decoration: none; white-space: nowrap; background: none;">[9]</a>

<h2 style="font-weight: normal; margin: 0px 0px 0.6em; overflow: hidden; padding-top: 0.5em; padding-bottom: 0.17em; border-bottom: 1px solid rgb(170, 170, 170); font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 19.2px; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; background: none rgb(255, 255, 255);">Articles and Resources</h2>

<h3 style="font-weight: bold; margin: 0px 0px 0.3em; overflow: hidden; padding-top: 0.5em; padding-bottom: 0.17em; border-bottom-style: none; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 19.2px; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; background: none rgb(255, 255, 255);">Related Sourcewatch</h3>

<li style=" margin-bottom: 0.1em;"><a href="http://www.sourcewatch.org/index.php/StudentsFirst" title="StudentsFirst" style="text-decoration: none; background: none;">StudentsFirst</a></li>

<li style=" margin-bottom: 0.1em;"><a href="http://www.sourcewatch.org/index.php/Michelle_Rhee" title="Michelle Rhee" style="text-decoration: none; background: none;">Michelle Rhee</a></li>

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<h3 style="font-weight: bold; margin: 0px 0px 0.3em; overflow: hidden; padding-top: 0.5em; padding-bottom: 0.17em; border-bottom-style: none; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 19.2px; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; background: none rgb(255, 255, 255);">References</h3>

<li id="cite_note-1" style=" margin-bottom: 0.1em;"><a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_ref-1" style="text-decoration: none; background: none;"><span class="cite-accessibility-label" style=" top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important;">Jump up↑</a> <a rel="nofollow" class="external text" href="http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=8960069" style="text-decoration: none; padding-right: 13px; background: url("data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAAVElEQVR42n3PgQkAIAhEUXdqJ3dqJ3e6IoTPUSQcgj4EQ5IlUiLE0Jil3PECXhcHGBhZ8kg4hwxAu3MZeCGeyFnAXp4hqNQPnt7QL0nADpD6wHccLvnAKksq8iiaAAAAAElFTkSuQmCC") 100% 50% no-repeat;">"Company Overview of Third Point LLC"</a>, Businessweek, accessed May 2013.</li>

<li id="cite_note-2" style=" margin-bottom: 0.1em;"><a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_ref-2" style="text-decoration: none; background: none;"><span class="cite-accessibility-label" style=" top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important;">Jump up↑</a> <a rel="nofollow" class="external text" href="http://www.forbes.com/profile/daniel-loeb/" style="text-decoration: none; padding-right: 13px; background: url("data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAAVElEQVR42n3PgQkAIAhEUXdqJ3dqJ3e6IoTPUSQcgj4EQ5IlUiLE0Jil3PECXhcHGBhZ8kg4hwxAu3MZeCGeyFnAXp4hqNQPnt7QL0nADpD6wHccLvnAKksq8iiaAAAAAElFTkSuQmCC") 100% 50% no-repeat;">"Daniel Loeb"</a>, Forbes, accessed May 2013.</li>

<li id="cite_note-wapo-3" style=" margin-bottom: 0.1em;">↑ <a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_ref-wapo_3-0" style="text-decoration: none; background: none;"><span class="cite-accessibility-label" style=" top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important;">Jump up to:3.0</a> <a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_ref-wapo_3-1" style="text-decoration: none; background: none;">3.1</a> <a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_ref-wapo_3-2" style="text-decoration: none; background: none;">3.2</a> Matt Taibbi, <a rel="nofollow" class="external text" href="http://www.rollingstone.com/politics/blogs/taibblog/dan-loeb-simultaneously-solicits-betrays-pension-funds-20130411" style="text-decoration: none; padding-right: 13px; background: url("data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAAVElEQVR42n3PgQkAIAhEUXdqJ3dqJ3e6IoTPUSQcgj4EQ5IlUiLE0Jil3PECXhcHGBhZ8kg4hwxAu3MZeCGeyFnAXp4hqNQPnt7QL0nADpD6wHccLvnAKksq8iiaAAAAAElFTkSuQmCC") 100% 50% no-repeat;">"Dan Loeb Simultaneously Solicits, Betrays Pension Funds"</a>, Washington Post, April 11, 2013.</li>

<li id="cite_note-wapo2-4" style=" margin-bottom: 0.1em;"><a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_ref-wapo2_4-0" style="text-decoration: none; background: none;"><span class="cite-accessibility-label" style=" top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important;">Jump up↑</a> Matt Taibbi, <a rel="nofollow" class="external text" href="http://www.rollingstone.com/politics/blogs/taibblog/billionaire-dan-loeb-turtles-flees-investor-conference-after-political-affiliations-exposed-20130422" style="text-decoration: none; padding-right: 13px; background: url("data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAAVElEQVR42n3PgQkAIAhEUXdqJ3dqJ3e6IoTPUSQcgj4EQ5IlUiLE0Jil3PECXhcHGBhZ8kg4hwxAu3MZeCGeyFnAXp4hqNQPnt7QL0nADpD6wHccLvnAKksq8iiaAAAAAElFTkSuQmCC") 100% 50% no-repeat;">"Billionaire Dan Loeb Turtles, Flees Investor Conference, After Political Affiliations Exposed"</a>, Washington Post, April 22, 2013.</li>

<li id="cite_note-5" style=" margin-bottom: 0.1em;"><a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_ref-5" style="text-decoration: none; background: none;"><span class="cite-accessibility-label" style=" top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important;">Jump up↑</a> Michelle Celarier, <a rel="nofollow" class="external text" href="http://www.nypost.com/p/news/business/hedgie_playing_hooky_jmuYdlLBFrXqRH7qSB5ZjL" style="text-decoration: none; padding-right: 13px; background: url("data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAAVElEQVR42n3PgQkAIAhEUXdqJ3dqJ3e6IoTPUSQcgj4EQ5IlUiLE0Jil3PECXhcHGBhZ8kg4hwxAu3MZeCGeyFnAXp4hqNQPnt7QL0nADpD6wHccLvnAKksq8iiaAAAAAElFTkSuQmCC") 100% 50% no-repeat;">"Hedgie playing hooky"</a>, New York Post, April 18, 2013.</li>

<li id="cite_note-HFI-6" style=" margin-bottom: 0.1em;">↑ <a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_ref-HFI_6-0" style="text-decoration: none; background: none;"><span class="cite-accessibility-label" style=" top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important;">Jump up to:6.0</a> <a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_ref-HFI_6-1" style="text-decoration: none; background: none;">6.1</a> Rob Copeland, <a rel="nofollow" class="external text" href="http://www.hedgefundintelligence.com/Article/3192958/AbsoluteReturn-News/Dan-Loeb-cancels-pension-confab-appearance-amid-protests.html?LS=Twitter" style="text-decoration: none; padding-right: 13px; background: url("data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAAVElEQVR42n3PgQkAIAhEUXdqJ3dqJ3e6IoTPUSQcgj4EQ5IlUiLE0Jil3PECXhcHGBhZ8kg4hwxAu3MZeCGeyFnAXp4hqNQPnt7QL0nADpD6wHccLvnAKksq8iiaAAAAAElFTkSuQmCC") 100% 50% no-repeat;">"Dan Loeb cancels pension confab appearance amid potential protests"</a>, Hedge Fund Intelligence, April 17 2013.</li>

<li id="cite_note-7" style=" margin-bottom: 0.1em;"><a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_ref-7" style="text-decoration: none; background: none;"><span class="cite-accessibility-label" style=" top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important;">Jump up↑</a> StudentsFirst, <a rel="nofollow" class="external text" href="http://www.studentsfirst.org/policy-agenda/entry/pension-and-benefit-programs" style="text-decoration: none; padding-right: 13px; background: url("data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAAVElEQVR42n3PgQkAIAhEUXdqJ3dqJ3e6IoTPUSQcgj4EQ5IlUiLE0Jil3PECXhcHGBhZ8kg4hwxAu3MZeCGeyFnAXp4hqNQPnt7QL0nADpD6wHccLvnAKksq8iiaAAAAAElFTkSuQmCC") 100% 50% no-repeat;">"Strategy 3.4: Create pension and benefit programs responsibly"</a>, organizational website, accessed May 2013.</li>

<li id="cite_note-8" style=" margin-bottom: 0.1em;"><a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_ref-8" style="text-decoration: none; background: none;"><span class="cite-accessibility-label" style=" top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important;">Jump up↑</a> Manhattan Institute for Policy Research, <a rel="nofollow" class="external text" href="http://www.manhattan-institute.org/html/trustees.htm" style="text-decoration: none; padding-right: 13px; background: url("data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAAVElEQVR42n3PgQkAIAhEUXdqJ3dqJ3e6IoTPUSQcgj4EQ5IlUiLE0Jil3PECXhcHGBhZ8kg4hwxAu3MZeCGeyFnAXp4hqNQPnt7QL0nADpD6wHccLvnAKksq8iiaAAAAAElFTkSuQmCC") 100% 50% no-repeat;">"Manhattan Institute Board of Trustees"</a>, organizational website, accessed May 2013.</li>

<li id="cite_note-MI-9" style=" margin-bottom: 0.1em;">↑ <a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_ref-MI_9-0" style="text-decoration: none; background: none;"><span class="cite-accessibility-label" style=" top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important;">Jump up to:9.0</a> <a href="http://www.sourcewatch.org/index.php/Daniel_Loeb#cite_ref-MI_9-1" style="text-decoration: none; background: none;">9.1</a> Josh Barro and Stuart Buck, <a rel="nofollow" class="external text" href="http://www.manhattan-institute.org/html/cr_61.htm" style="text-decoration: none; padding-right: 13px; background: url("data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAAVElEQVR42n3PgQkAIAhEUXdqJ3dqJ3e6IoTPUSQcgj4EQ5IlUiLE0Jil3PECXhcHGBhZ8kg4hwxAu3MZeCGeyFnAXp4hqNQPnt7QL0nADpD6wHccLvnAKksq8iiaAAAAAElFTkSuQmCC") 100% 50% no-repeat;">"Underfunded Teacher Pension Plans: It's Worse Than You Think"</a>, Manhattan Institute Civic Report, April 2010.</li>

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