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  "documentTitle": "Sotheby's (BID)",
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  "authorName": "Daniel S. Loeb",
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      "text": "a single nominee from an outside shareholder in a boardroom of 12 directors is not sufficient to bring about needed change",
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      "text": "Why should Third Point's nominees be elected? Oppose current nominees due to limited ownership/qualifications. Shareholder Slate owns ~10% and has relevant expertise.",
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      "text": "What is Third Point suggesting specifically? Three directors to reinvigorate the Board. Three is the right number for a 12-director board. Proven effective in past (e.g., Yahoo!).",
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      "text": "How did we get here? Third Point owns ~9.6% of Sotheby's. Meetings held Aug 2013-Feb 2014. Company offered one board seat, but Third Point deems it insufficient.",
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