Loeb and Sotheby's Kiss And Make Up

The fight for control of Sothebys (NYSE:BID) board was brutal and long. Ultimately Daniel Loeb, manager of the hedge fund Third Point, was granted three board seats. However, today it appears as Loeb may not be achieving his ultimate objective. Dan Loeb aggressively campaigned for ouster of Sothebys management When he fought for influence over the venerable auction house Sothebys (NYSE:BID), Loeb and aggressively campaigned for ouster of management and the board of directors, which he said were filled with cronies and incompetence. Today, however, Loeb is joining hands with the board of directors, singing kumbaya and supporting existing management. According…