Finance
Leon Cooperman Loves Navient. He Thinks It’d Be Better Off Dead
- Calls for company to sell assets, give proceeds to investors
- Student-loan giant is down 23% this year as it faces lawsuits
Leon Cooperman.
Photographer: Christopher Goodney/Bloomberg
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Leon Cooperman loves student-loan giant Navient Corp. So, naturally, he thinks it’s time to shut it down.
The billionaire investor believes the nation’s second-largest creditor to former college students performs a valuable public service as a federal contractor. He also likes Jack Remondi, the chief executive he calls a "high-quality guy" running a "noble" business.