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  "documentTitle": "Sotheby's (BID)",
  "authorId": "07_Marcato",
  "authorName": "Marcato Capital Management",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-04-22 00:00:00",
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  "notes": "The chart uses a stacked bar approach to show net share ownership changes, highlighting that external investors (Marcato/Third Point) have net positive accumulation compared to insiders.",
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      "kind": "chart",
      "text": "Share Ownership Change Throughout Tenure",
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      "text": "Sold, Granted, Purchased",
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      "text": "share ownership change: 6,650,000",
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      "kind": "subtitle",
      "text": "Source: Company proxy filings and Form 4s. (1) Represents total shares bought/granted/sold throughout director tenure or since 2004 for the Duke of Devonshire, Robert Taubman and Bill Ruprecht.",
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      "text": "Who Has More Incentive To Create Shareholder Value?",
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