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  "documentTitle": "Third Point Management | Activist Presentation Deck | 30 slides",
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  "presentationDate": "2014-04-01 00:00:00",
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  "notes": "Uses ISS QuickScore 2.0 guidelines as an external authority to critique board independence.",
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      "text": "Institutional Shareholder Services (“ISS”) recently released “QuickScore 2.0” guidelines for optimal Board structure stating: “tenure of more than nine years (can) … potentially compromise a director’s independence”. Using this metric, Sotheby’s current Board fares quite poorly. Nine directors have served for more than seven years; five of which for more than nine",
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      "text": "The Shareholder Slate would bring the expertise and fresh perspectives necessary to move Sotheby’s forward",
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      "text": "Note: tenure estimated using start dates disclosed in the Company’s 2014 Proxy. Source: Third Point LLC; Company filings; Institutional Shareholder Services",
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      "kind": "title",
      "text": "Current Board lacks fresh perspective necessary to overhaul the Company’s challenged operational structure and cure its cultural malaise",
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      "text": "Corporate Governance",
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