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Daniel Loeb’s Jeffrey Deitch Problem

April 17, 2014 by Marion Maneker

Deitch

The New York Post is trying to stir the pot in the Sotheby’s board fight by suggesting Daniel Loeb’s role as a trustee at LA MoCA is a liability to his case.

Loeb’s critics argue the MOCA gig isn’t something to brag about. In his three-plus years on the board, the museum experienced a sharp drop-off in fundraising and had to cut its budget. […]

“[Sotheby’s] shareholders ought to take a careful look at the turmoil that occurred while Loeb was on the board,” said one person familiar with the situation. […]

Loeb, who has donated millions of dollars to MOCA, is still a trustee.

“It’s true that Jeffrey is his friend, but his commitment has always been to the institution and to work collaboratively with other board members and the Los Angeles art community,” said a source close to Loeb. “He supports the new director.”

Loeb’s museum board history not a strong case for Sotheby’s  (New York Post)

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