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'Brutal' staff cuts lead Sotheby's into a new age
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telegraph.co.ukThe new owner is known to be a ruthless cost-cutter, with the chief executive officer and several administration heads among the first to go Ever since the investor Patrick Drahi bought Sotheby’s last year, it’s been on the cards that, even though the auction house ended its period in public ownership in profit to the tune of some $100 million (£76 million), staff would go.
Drahi is known to be a ruthless cost-cutter and among the first to go were his chief executive officer and several administration heads.
Now, heads are beginning to roll again, this time among the art experts. Last week, The Telegraph can reveal, Yamini Mehta, the deputy chairman of Indian and South Asian Art, was shown the door.
Read more on telegraph.co.uk
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