Once the target of hedge-fund manager Daniel Loeb’s criticism, Sotheby’s Chief Executive Officer William Ruprecht got the activist shareholder on his side two weeks after he was voted onto the board of directors.
A Yahoo! Inc. investor agreed to drop a lawsuit in which the search-engine company was accused of overpaying for its repurchase of 40 million shares from director and activist Daniel Loeb.
"I've told them I would be willing to work with them if they put us on the board."
- Daniel Loeb on Feb 27, 2014
Balchunas on an ETF to Tap Billionaires’ Investments (Audio)