Sotheby’s CEO Steps Down – And Its Stock Price Goes Up

“The chairman and chief executive of Sotheby’s is stepping down, the auction house said on Thursday, a little more than a year after the billionaire hedge fund manager Daniel S. Loeb derided the company as ‘an old master painting in desperate need of restoration’ and demanded sweeping changes.”

source ArtsJournal http://ift.tt/1z17Etq

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