He received a Bachelor of Arts from Princeton University’s School of Public and International Affairs, where he received the R.W. Tad received a Master of Business Administration from Harvard Business School, where he was a George F. He is also a member of the Council on Foreign Relations. He serves on the Dean’s Advisory Board of the Harvard Business School and the Board of Advisors of the Hospital for Special Surgery as well as the Board of Directors of the Prostate Cancer Foundation, the Alzheimer’s Drug Discovery Foundation, and the Preservation Foundation of Palm Beach. Since 1999, Tad has served as an adjunct professor at the Stern School of Business at New York University, where he teaches a finance and strategy class to MBAs. Tad is Chairman of the Advisory Board of the Zero Gravity Corporation, which provides flights in zero gravity environments, and an advisor to UK-based MINTUS, which seeks to fractionalize high value assets. He is a board member of the adtech company, Simulmedia, and a Board Observer for the e-commerce company, Verishop. Tad is a member of the board of Lindblad Expeditions, an adventure travel company, and is a director of Ocean Outdoor UK, a digital outdoor advertising company based in London. In that capacity, he oversaw and digitized more than 100 magazines and data businesses. From 2009 to 2014, Tad served as President, Local Media, later adding Cablevision Media Sales, of the New York cable operator Cablevision, which was controlled by the same shareholder as The Madison Square Garden Company.įrom 2000 to 2009, Tad worked for the global media company now known as RELX, where he last served as Chief Executive Officer of the US business-to-business division, Reed Business Information. Prior to that, he was the President and CEO of the NYSE-listed global auction house Sotheby’s, serving from 2015 through 2019, where he successfully digitized, modernized, expanded, and then sold the company.įrom 2014 to 2015, Tad was President and CEO of The Madison Square Garden Company, a publicly-traded, diversified cable media, live entertainment, and sports company that included the New York Knicks and the New York Rangers. Tad Smith was appointed Chief Executive Officer and Director of TheKey (formerly Home Care Assistance) in November 2020.īeginning in October 2020, Tad served as a member of the board of Capitol Investment Corp V, and stepped down in July 2021 after the successful merger with real estate tech company, DOMA. His success in creating significant shareholder value is built on deep expertise in operations, digital reinvention, growth escalation, and a relentless focus on service. Sotheby’s is on track for another strong season with outstanding auctions set to be held in Hong Kong and Contemporary art sales that will inaugurate our newly-renovated space on Bond Street in London early next month.Tad has led the transformation of numerous companies by prioritizing the client experience. Tad Smith, CEO of Sotheby’s, said: “This is an historic moment for Sotheby’s and we are very pleased to have the validation of the company’s shareholders. According to the auction house, the merger remains on schedule and will close in the fourth quarter of 2019. Under the terms of the agreement, shareholders will receive $57 in cash per share of Sotheby’s common stock in a transaction with an enterprise value of $3.7 billion. Larry Willis, Rodney Whittaker, Claude Black, Johnny ONeal, Paul Keller, Tad Weed. Drahi’s offer delivers a significant premium to market for our shareholders, including our employee shareholders, and positions Sotheby’s well for the future.”Īfter Sotheby’s announced the proposed acquisition on June 17, at least four shareholders tried to block the deal by filing lawsuits that made similar claims of “incomplete and misleading disclosures.” In response, the auction house released a statement saying that shareholder litigation was expected and that it did not expect the suits to impact the sale. when he would regularly play with Blue Note artist Louis Smith. “The board of directors would like to thank Sotheby’s shareholders for their vote of confidence in the merger,” Domenico De Sole, board chair of Sotheby’s, said in a statement. Ninety-one percent of the shareholders voted in favor of the $3.7 billion deal, which means the auction house is going private after being publicly traded for thirty-one years. On Thursday, September 5, 2019, the shareholders of Sotheby’s auction house convened for a special meeting in New York to vote on the proposed acquisition of the company by BidFair USA, which is owned by the French Israeli telecom magnate Patrick Drahi. Since arriving at RBI-US early in 2000, Tad has spent most of his time with. Sotheby’s Shareholders Approve Acquisition by Patrick Drahi Based in New York City, Tad has leadership responsibility for more than two dozen trade and consumer magazines, a market research company, and the electronic development, licensing, and the strategic accounts program for RBI-US overall.
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