Kelly Weill | July 6, 2015
Progressive groups are planning a protest at the East Hampton home of hedge fund manager and charter school advocate Daniel Loeb, who is hosting a fund-raiser for Governor Andrew Cuomo next Saturday.
Described as an “intimate reception” with the governor, the July 11 fund-raiser costs $5,000 per ticket.
“We view this as another example of how elected officials are working harder for billionaires,” said Michael Kink, a member of the pro-labor, anti-hedge fund Hedge Clippers campaign.
His organization, along with groups VOCAL NY and New York Communities for Change, plans to bring 200 protesters to East Hampton in buses for a rally in the access roads around Loeb’s home, where they will hand out “inequality awards”.
Loeb’s invitations to potential donors did not explain why he was raising money for Cuomo, although Loeb and his wife have previously donated to the governor’s campaign funds.
Loeb is a powerful charter school advocate, chairing the board at Eva Moskowitz’s Success Academy, and serving on the board for StudentsFirstNY.
Cuomo has emerged as the charter movement’s most powerful official ally in New York, pushing to raise the cap on the number of charter schools statewide and to guarantee space for charters in New York City, sometimes against the wishes of the de Blasio administration.
The groups protesting Loeb’s fund-raiser said they object to a number of Cuomo’s recent decisions, including his stance on housing reform.
“It’s going to be a lot of folks pushing back against hedge fund control over government,” Kink said.