Loeb Unveils Website In New Era Of Dow Chemical Campaign

Daniel Loeb’s firm, Third Point, unveiled the website www.Value-Dow.com, that will serve as a central repository for investors who share the hedge fund’s concerns about The Dow Chemical Company (NYSE:DOW)’s persistent under-earning, questionable capital allocation decisions, and lack of accountability to stakeholders. The website includes a video at http://vimeo.com/thirdpoint/brokenpromises, which suggests that Dow Chemical has fallen behind due to poor strategic decision-making by its board and management team. Broken Promises from Third Point on Vimeo. Daniel Loeb: Broken promises Loeb’s firm highlighted on the website several instances of what it called “broken promises” by Dow Chemical and its chief executive, Andrew N. Liveris….