Activist Manager Wins Round One Against Energy Firm

Jun 30 2006 | 6:35pm ET

Activist hedge fund manager Daniel Loeb is ruffling feathers in another boardroom, this time "officially" winning a seat on the board of Massey Energy Company. But the energy firm isn't through contesting the results.

Loeb, founder and ceo of New York hedge fund Third Point, and Todd Swanson, also of Third Point, were elected to the board of the energy firm in a proxy contest on May 16, but certification of the election results were delayed after Massey challenged their validity.


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