Daniel Loeb Prepping for Proxy Fight at Sotheby’s

March 2nd, 2014

Daniel Loeb is pushing for three seats on the board at Sotheby’s, preparing for a proxy fight to wrest additional control of the company for his Third Point Hedge Fund.  “All shareholders will benefit from further depth of experience in Sotheby’s key business building block: luxury customer relationship development,” Third Point said in its regulatory filing this week.

Read more at New York Times