New York Magazine has published a detailed summary of the current situation at Sotheby’s, including the departure of longtime auctioneer Tobias Meyer, the friction between Daniel Loeb and Sotheby’s head Bill Ruprecht, and most notably, Loeb’s often incisive perspective on dealing with companies he wants to turn around.  “Sometimes a town hanging is useful,†Loeb once told Bloomberg Markets, “to establish my reputation for future dealings with unscrupulous CEOs.â€Â
Read more at New York Magazine
