Tad Smith | |
|---|---|
 Smith in 2007 | |
| Born | June 1965 (age 54–55) |
| Nationality | American |
| Alma mater | Princeton University (BA) Harvard University (MBA) |
| Spouse(s) | Caroline Mitchell Fitzgibbons (1997–present) |
| Children | 2 |
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.
Smith 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]
Smith 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]
Smith is married to Caroline Mitchell Fitzgibbons, a realtor. [11] They have two children, and live in Bronxville, New York. [12]
Princeton University is a private Ivy League research university in Princeton, New Jersey. Founded in 1746 in Elizabeth as the College of New Jersey, Princeton is the fourth-oldest institution of higher education in the United States and one of the nine colonial colleges chartered before the American Revolution. The institution moved to Newark in 1747, then to the current site nine years later. It was renamed to Princeton University in 1896.
Bronxville is a village in Westchester County, New York, located about 15 miles (24 km) north of midtown Manhattan. It is part of the town of Eastchester. The village comprises 1 square mile (2.5 km2) of land in its entirety, approximately 20% of the town of Eastchester. As of the 2010 U.S. census, Bronxville had a population of 6,323. The population of Bronxville in 2018 was 6,394. In 2016, Bronxville was rated by CNBC as the most expensive suburb of any of America's ten largest cities, with a median home value of $2.33 million. It was ranked eighth in Bloomberg's "America's 100 Richest Places" in 2017 and 2018 and ninth in 2019 and is the second richest town in the state of New York.
Sotheby's is a British-founded American multinational corporation headquartered in New York City. One of the world's largest brokers of fine and decorative art, jewelry, real estate, and collectibles, Sotheby's operation is divided into three segments: auction, finance, and dealer. The company's services range from corporate art services to private sales. It is named after one of its cofounders, John Sotheby.
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Altice USA, Inc., commonly known as Altice, is an American cable television provider with headquarters in New York City. It delivers pay television, Internet access, telephone services, and original television content to approximately 4.9 million residential and business customers in 21 states.
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William F. Ruprecht served as CEO of Sotheby's from 2000-2014, when he was succeeded by Tad Smith.
Charles Francis "Chuck" Dolan is an American billionaire and the founder of Cablevision. Through supervoting shares, Dolan today controls AMC Networks, MSG Networks, and The Madison Square Garden Company, which at one point were all part of Cablevision itself.
Patrick Drahi is a French-Israeli businessman with French, Portuguese, and Israeli citizenship, living in Switzerland since 1999. He is the founder and controlling shareholder of the European-based telecom group Altice listed on the European Euronext Stock Exchange.
Domenico De Sole is an Italian businessman, chairman of Tom Ford International, and Sotheby's, director of Gap Inc., and former president and CEO of Gucci Group.
Altice Europe N.V. is a French multinational telecommunications corporation. multinational telecoms and mass media company, founded and headed by the French-Israeli billionaire Patrick Drahi, and the second largest telecoms company in France, behind Orange.
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