>>7785387 (LB)
Paul Singer and Elliott Management (Elliott is his middle name) also got the company I worked for closed down, making 60 people redundant.Luckily I found work almost straight away, but others weren't so lucky. I have personal experience of this guy.
He covertly buys shares until he can get a representative on the board, then he sacks the CFO and starts to swing the axe. He cuts to improve the short-term profitability while sending 'improvement teams' into the companies to force them to cut people.
This is the arsehole that seized an Argentinian warship because the Argies owed him money and only released the crew after Argentina complained to the UN. The Argies offered 30 cents on the $, to which he said "if you can afford that, you can pay me in full.".
He also owns Real Madrid after a person he loaned money to defaulted on the loan.
He's a Vulture Capitalist of the Gordon Gekko kind.Think Richard Gere in Pretty Woman without him becoming a better person, in fact, think worse.