Sotheby's sends mail to Shareholders; Urges Shareholders to Vote FOR the Sotheby's Director Nominees on the GREEN Proxy Card
Highlights of the letter include:
Sotheby's is a market leader with record results and superior shareholder returns. Your Board is focused on delivering shareholder value through growth opportunities and prudent capital allocation.
Industry experts recognize the progress Sotheby's is making and support the actions the Company is taking to deliver shareholder value.
Mr. Loeb has made no case that change is warranted, and his candidates add no relevant expertise that is not already effectively represented on the Board.