Loeb Ratchets Up Campaign Against Sotheby’s Board

With the May 6 election D-day approaching for Daniel Loeb in his fight proxy fight with Sotheby’s, the activist hedge fund manager called Sothebys (NYSE:BID) recent attack against him “false” and “misleading” while fighting for votes.

Latest campaign literature presents few new facts

Coming off a stinging loss in a proxy battle with moms at his luxury Manhattan condominium building, Loeb was taking swings at the staid grand dame of the auction business.  In the latest volley in a “he said, she said” political campaign, Third Point released a 30 page presentation that outlines Loeb’s essential arguments...