Brad Gerstner

Bradley Thomas Gerstner (born May 4, 1971) is an American investor and hedge fund manager. He is Founder, Chairman and CEO of Altimeter Capital. Gerstner appeared on the 2022 Forbes Midas List after his firm's successful investments in Snowflake and Grab.[2]

Brad Gerstner
Born
Bradley Thomas Gerstner[1]

(1971-05-04) May 4, 1971
Goshen, Elkhart County, Indiana, U.S.
Alma mater
Occupation(s)Investor, hedge fund manager
Known forFounding and leading Altimeter Capital[1]
Spouse
Michelle Boyers
​
(m. 2007)​
Children2

Early life

Gerstner was born on May 4, 1971, in Goshen, a city in Elkhart County, Indiana.[3][4] His father was Thomas Gerstner and his mother was Martha Burt.[5]

He attended Wabash College from 1989 to 1993 and graduated summa cum laude with a bachelor's degree in Economics and Political Science.[3][4][6][7][8] He also studied abroad at the University of Oxford from 1991 to 1992.[3][4][6]

From 1993 to 1996, Gerstner attended Indiana University Maurer School of Law and obtained a Juris Doctor degree.[3][4][7][8] He did day trading to help pay for his law school fees.[8] After graduation he practiced securities law as a lawyer at Ice Miller LLP and served a term as Deputy Secretary of State of Indiana.[3][4][9][10][11]

In 1999, Gerstner returned to school and attended Harvard Business School where he graduated in 2000 with a Master of Business Administration degree.[3][4][7][8][9] After graduating, Gerstner was a founding principal of General Catalyst, worked at several travel website startups and then worked as a Portfolio Manager for PAR Capital from 2005 to 2008.[3][4][12]

Altimeter Capital

In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts.[8][13] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008.[13][14]

In January 2016, Gerstner and the firm fought with United Continental Holdings to change the company's board of directors.[15] Gerstner put out a statement that stated investors were very disappointed with the poor performance and decision making of the company in recent years.[15] United Continental Holdings eventually gave in and changed its board of directors.[16]

In October 2022, Gerstner wrote an open letter to Meta and its CEO, Mark Zuckerberg.[17][18] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence.[17][18] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year.[17][18] A few weeks later, Meta laid off over 11,000 employees. [19]

Personal life

Gerstner married Michelle Boyers on September 30, 2007, at Martha's Vineyard.[5] The two of them met at Harvard Business School.[5]

Gerstner is an amateur pilot.[13]

References
  1. "AGCB Company Profile & Executives - Altimeter Growth Corp. 2 Cl A - Wall Street Journal". www.wsj.com.
  2. Capital, TrueBridge. "Newcomers To The Midas List 2022: Backing What's Trending At Home And Abroad". Forbes. Retrieved 2022-11-26.
  3. "Brad Gerstner's Top 10 Stock Picks". Insider Monkey. Retrieved 2022-11-26.
  4. "Altimeter Capital's Brad Gerstner Says Facebook's Management Team is Open, Honest, and Transparent". finance.yahoo.com. Retrieved 2022-11-26.
  5. "Michelle Boyers, Bradley Gerstner". The New York Times. 2007-09-30. ISSN 0362-4331. Retrieved 2022-11-26.
  6. College, Wabash. "Wabash Magazine 2020: What Are You Going to Do About This?". Wabash College. Retrieved 2022-11-26.
  7. Phocuswright. "Brad Gerstner". www.phocuswrightconference.com. Retrieved 2022-11-26.
  8. "Brad Gerstner". Forbes. Retrieved 2022-11-26.
  9. "Brad Gerstner". The Sohn Conference Foundation. Retrieved 2022-11-26.
  10. MarketScreener. "Bradley Thomas Gerstner - Biography". www.marketscreener.com. Retrieved 2022-12-25.
  11. "The State of Secrecy. Clerk training in access laws is". 2022-11-26. Archived from the original on 2022-11-26. Retrieved 2022-11-26.
  12. "Brad Gerstner". CNBC. Retrieved 2022-11-26.
  13. "Online-Travel King Brad Gerstner Wants Venture Capital Empire". Bloomberg.com. 2013-11-07. Retrieved 2022-11-26.
  14. "After Snowflake windfall, Altimeter Capital captures dealmaking spotlight | PitchBook". pitchbook.com. Retrieved 2022-11-26.
  15. "Investors push for board shake-up at United Continental Holdings". Washington Post. ISSN 0190-8286. Retrieved 2022-11-26.
  16. Wang, Christine. "United was 'clumsy' at first in scandal, but eventually 'got it right,' investor says". CNBC. Retrieved 2022-11-26.
  17. Leswing, Kif. "Meta shareholder writes critical open letter saying company needs to slash headcount and stop spending so much money on 'metaverse'". CNBC. Retrieved 2022-11-26.
  18. "Meta Needs to Slash Metaverse Spending to 'Get Mojo Back,' Shareholder Says". Bloomberg.com. 2022-10-24. Retrieved 2022-11-26.
  19. Vanian, Jonathan. "Meta laying off more than 11,000 employees: Read Zuckerberg's letter announcing the cuts". CNBC. Retrieved 2022-11-26.
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