so that’s nice of them

Remember when Third Point manager Dan Loeb told auction house Sotheby’s that it didn’t know dick about contemporary art? And demanded its chairman and CEO, William Ruprecht do the honorable thing and fire himself? And noted that Sotheby’s management in general was a joke? And (“jokingly”) described his campaign to “undermine the credibility” of Ruprecth as a “holy Jihad“? Now that the two sides have made nice– and Sotheby’s has given Third Point three spots on its board–, the auctioneers are going to compensate the Maestro of Mockery for his troubles. Read more »