Third Point Capital’s lawsuit against Sotheby’s to allow the hedge fund’s chief, Daniel Loeb, greater influence over the 270 year-old auction house has revealed that Sotheby’s directors themselves have concerns about the company’s governance, as DealBook reported Wednesday.
In Delaware court proceedings Tuesday, emails in which directors expressed their concern over executive compensation, and their own “too chummy” camaraderie, were revealed, DealBook reported.
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