Loeb Fires Latest Salvo In Effort To Crash Exclusive Sothebys Board

Activist investor Daniel Loeb let loose another salvo in his war of words with the ever so puritan establishment icon on whose board of directors he is trying to crash, Sothebys (NYSE:BID). “Re-invigorate” company: Loeb In a letter to shareholders of the venerable high end auction house, Loeb promoted himself along with two other director nominees for election to the board so as to “re-invigorate” the company. Loeb makes the argument that while the general market environment for high end auctions has improved, Sothebys (NYSE:BID) has failed to properly capitalize on these opportunities. “Sotheby’s has lost market share in highly profitable…