Dear Irik:
Sadly, your ineptitude is not limited to your failure to communicate with bond and unit holders. A review of your record reveals years of value destruction and strategic blunders which have led us to dub you one of the most dangerous and incompetent executives in America. (I was amused to learn, in the course of our investigation, that at Cornell University there is an "Irik Sevin Scholarship." One can only pity the poor student who suffers the indignity of attaching your name to his academic record.)

This is from Daniel Loeb's SEC SC-13D filing. He bought more than 5% of Irik's company and had to report it to the SEC. So, he took the opportunity to tell the world what he thought of Irik's management skills.

Three weeks after Loeb's letter, Sevin resigned.