Cory Booker must have learned "I'll be gone, you'll be gone" from his hedgie buddies
Five months after Cory Booker ended his tenure as mayor to join the U.S. Senate, Newark is struggling with a leadership transition that’s left New Jersey’s biggest city on the brink of a state takeover.:
Booker’s connections to Facebook Inc. (FB) co-founder Mark Zuckerberg and billionaire financiers led to donations and investments for schools, downtown hotels, houses and offices.
[Booker] turned to what he called “venture philanthropy.” Hedge fund founders Bill Ackman and Leon Cooperman donated millions of dollars to improve parks and public safety. Zuckerberg pledged $100 million for education.