Friday, September 12, 2008

Warren Lichtenstein


Head of Steel Partners, a NY hedge fund that focuses on deep value and activist investing, and holds its average investment for approximately three to five years often pressuring management endlessly to deliver higher dividends and buybacks with a threat to takeover the company if his demands are unmet. His methods are questioned as being too short-term minded and value-extracting rather than nurturing future growth, albeit very profitable for himself. Among his deals are: GenCorp, United Industries. He recently graduated to going after larger corporations, from his usual sandbox of $20 - $100 million companies. He will take positions less than 15% of stock of any given company, currently around 25 of them, and starts the process of "alignment of opinion".

Attended Tulane University and transferred before eventually graduating with his BA in economics from the University of Pennsylvania. He also manages a charitable organization called Steel Partners Foundation that is a significant donor to building of a first Jewish synagogue in Aspen, Colorado.

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