Posts Tagged ‘ Sotheby’s stock as a lead indicator ’

Third Point's Dan Loeb

Vigorous response from Sotheby’s on Loeb’s latest salvo

Apr 9th, 2014 | By

  On April 4th the activist investor Dan Loeb fired off another open letter to Sotheby’s shareholders calling for support for himself and two others to join the Sotheby’s board and detailing all that he believes is wrong at Sotheby’s. ┬áHe says that Sotheby’s has, “lost market share in highly profitable areas like Contemporary Art
[continue reading…]