Glass, Lewis and Co. Back’s Sotheby’s in Board Fight

April 30th, 2014

Salesroom with Basquiat - Sothebys - 2013Proxy Adviser Glass, Lewis and Co. has backed Sotheby’s Board Nominations in the wake of Daniel Loeb’s continued pressure on the company.  “In this case, we believe the Dissident has identified certain areas of concern,” the company says in a statement, “but ultimately has fallen short of making a compelling case that additional changes in the boardroom are warranted at this time beyond those already implemented by the Company.”

Read more at Reuters