Daniel Loeb’s Jeffrey Deitch Problem

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)