Thomas Sidney "Tad" Smith, Jr. (born June 1965)[1] is an American businessman, the former president and chief executive officer of Sotheby's. Smith is also an adjunct professor at New York University's Stern School of Business.
Tad Smith | |
|---|---|
_(cropped).jpg) Smith in 2007 | |
| Born | June 1965 (age 59) |
| Nationality | American |
| Alma mater | Princeton University (BA) Harvard University (MBA) |
| Spouse | Caroline Mitchell Fitzgibbons (1997–present) |
| Children | 2 |
Education
editSmith graduated with an AB from the Woodrow Wilson School of Public and International Affairs at Princeton University in 1987 after completing a 124-page long senior thesis titled "The Philosophical Transformation of Constitutional Privacy."[2] While a student at Princeton, Smith received the R.W. Van de Velde Prize for outstanding junior independent work.[3][4] He later received an MBA from Harvard Business School, where he was a George F. Baker scholar and a Horace W. Goldsmith fellow.[3]
Career
editSmith was CEO of the US branch of Reed Business Information.[5]
For five years until 2014, Smith worked for Cablevision in a variety of executive positions.[5]
From February 2014 to March 2015, Smith was president and CEO of New York's Madison Square Garden, doubling net profits in the second half of that year.[6]
In March 2015, Sotheby's announced that Smith would succeed William F. Ruprecht as its president and CEO.[7] Smith's basic salary will be $1.4 million, plus "target annual bonus opportunity will be 200% of his annual base salary", and "long-term incentive award opportunities" in Sotheby's shares.[8]
In October 2019, Sotheby's was acquired by Patrick Drahi, and shareholders received $57 per share, with Smith receiving $28 million.[9]
In October 2019, Drahi replaced Smith with Charles Stewart, the CFO of Altice USA.[10]
Since 1999, Smith has taught at New York University's Stern School of Business, where he is an adjunct professor in the finance department, and runs a course entitled, "Strategy and Finance for Technology, Media, and Entertainment Companies".[3]
Personal life
editSmith is married to Caroline Mitchell Fitzgibbons, a realtor.[11] They have two children, and live in Bronxville, New York.[12]
References
edit- ^ "Thomas Sidney SMITH JR". Companies House. Retrieved 2017-07-07.
- ^ Smith, Jr (1987). "The Philosophical Transformation of Constitutional Privacy".
{{cite journal}}: Cite journal requires|journal=(help) - ^ a b c "Tad Smith". NYU. Retrieved 17 March 2015.
- ^ "Twelve Princeton University Students Named to Scholars in the Nation's Service Initiative". Woodrow Wilson School of Public and International Affairs. 2019-02-11. Retrieved 2020-06-22.
- ^ a b "Tad Smith Leaves MSG for Sotheby's CEO Post". Variety. 16 March 2015. Retrieved 17 March 2015.
- ^ Tully, Kathryn (16 March 2015). "Sotheby's New CEO Is Madison Square Garden's Tad Smith". Forbes. Retrieved 17 March 2015.
- ^ Dewson, Andrew. "Sotheby's find the man to restore reputation - Madison Square Gardens' Tad Smith". The Independent. No. 17 March 2015. Archived from the original on April 2, 2015. Retrieved 17 March 2015.
- ^ Genocchio, Benjamin (23 March 2015). "Will Sotheby's Again Fall Victim to Corporate Hubris With Dan Loeb, Tad Smith Takeover?". ArtNet. Retrieved 24 March 2015.
- ^ "Sotheby's ceases publicly trading on the New York Stock Exchange as its $3.7bn sale to Patrick Drahi closes". www.theartnewspaper.com. Retrieved 2019-10-04.
- ^ "New Sotheby's Owner Patrick Drahi Replaces CEO Tad Smith With a Trusted Turnaround Wizard". Retrieved 2019-10-30.
- ^ "Olshan Realty, Inc. | Agents". olshan.com. Retrieved 9 September 2016.
- ^ "Caroline Mitchell Fitzgibbons". Olshan. Retrieved 24 March 2015.