Kenneth Citron - Sothebys President
President
Mr. Kenneth Citron is Executive Vice President, Operations and Chief Transformation Officer of the company. He joined the Company in January 2019 as Executive Vice President, Operations and Chief Transformation Officer. From 2012 through 2017, he was Chief Operating Officer of Christies. Prior to that, Mr. Citron was Chief Operating Officer, Chief Information Officer and Executive Vice President of publishing operations at Rodale Inc., a global media company. Earlier in his career, he spent 12 years at Sony Music Corporationrationration, most recently as Senior Vice President, Information Technology. since 2019.
| Age | 53 |
| Tenure | 5 years |
| Phone | 212 606-7000 |
| Web | www.sothebys.com |
Sothebys Management Efficiency
Sothebys' management efficiency ratios could be used to measure how well Sothebys manages its routine affairs as well as how well it operates its assets and liabilities.The company has 1.05 B in debt with debt to equity (D/E) ratio of 213.2, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Sothebys has a current ratio of 1.02, demonstrating that it is in a questionable position to pay out its financial commitments when the payables are due. Debt can assist Sothebys until it has trouble settling it off, either with new capital or with free cash flow. So, Sothebys' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Sothebys sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sothebys to invest in growth at high rates of return. When we think about Sothebys' use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 0.0021 | |||
| Return On Asset | 5.0E-4 |
Sothebys Leadership Team
Elected by the shareholders, the Sothebys' board of directors comprises two types of representatives: Sothebys inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sothebys. The board's role is to monitor Sothebys' management team and ensure that shareholders' interests are well served. Sothebys' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sothebys' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Alfredo Gangotena, Chief Marketing Officer and Executive VP | ||
| David Goodman, Executive Vice President of Digital Development and Marketing | ||
| Kevin Conroy, Independent Director | ||
| Harry Wilson, Independent Director | ||
| Diana Taylor, Independent Director | ||
| Jill Bright, Executive Vice President of Human Resources and Administration | ||
| Dennis Weibling, Interim CFO, Director, Chairman of Audit Committee and Member of Compensation Committee | ||
| Kenneth Citron, Executive Vice President Operations and Chief Transformation Officer | ||
| David Ulmer, Chief Technology and Strategy Officer and Sr. VP | ||
| Linus Cheung, Independent Director | ||
| Valentino Carlotti, Executive Vice President Global Head of Business Development | ||
| Gilbert Klemann, Executive Vice President Worldwide General Counsel, Secretary | ||
| Patrick McClymont, Executive Officer | ||
| Peregrine Cavendish, Deputy Chairman of the Board | ||
| Daniel Loeb, Independent Director | ||
| Matthew McCormick, Executive Vice President | ||
| Robert Taubman, Independent Director | ||
| Domenico Sole, Independent Chairman of the Board | ||
| Adam Chinn, COO, Executive Vice President | ||
| Michael Wolf, Director | ||
| Lisa Nadler, Chief Human Resource Officer | ||
| Michael Goss, Chief Financial Officer, Executive Vice President | ||
| Susan Alexander, Executive Vice President Worldwide Head - Human Resources | ||
| Jan Prasens, Senior Vice President and Managing Director, Sotheby’s Financial Services, Inc. | ||
| Maarten Holder, Managing Director, Sotheby’s America's | ||
| Thomas Smith, CEO and President Director, Member of Executive Committee, Member of Fin. Committee and Member of Bus. Strategy Committee | ||
| Mitchell Zuckerman, Executive VP of Global Auction Transactions | ||
| John Angelo, Independent Director | ||
| John Cahill, Executive Vice President and Chief Commercial Officer | ||
| Jessica Bibliowicz, Independent Director | ||
| Kevin Ching, CEO of Asia | ||
| Olivier Reza, Director | ||
| Laurenc Nicolas, Vice President Global Managing Director - Jewelry and Watches | ||
| Marsha Simms, Independent Director | ||
| Jonathan Olsoff, Executive Vice President, Worldwide General Counsel | ||
| Jane Levine, Executive Vice President, Chief Global Compliance Counsel and Head of Government and Regulatory Affairs | ||
| Kevin Delaney, Senior Vice President, Controller and Chief Accounting Officer |
Sothebys Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Sothebys a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.0021 | |||
| Return On Asset | 5.0E-4 | |||
| Profit Margin | 0 % | |||
| Operating Margin | 22.83 % | |||
| Current Valuation | 3.58 B | |||
| Shares Outstanding | 46.61 M | |||
| Shares Owned By Insiders | 1.21 % | |||
| Shares Owned By Institutions | 98.79 % | |||
| Number Of Shares Shorted | 5.28 M | |||
| Price To Earning | 12.84 X |
Pair Trading with Sothebys
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sothebys position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sothebys will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Microsoft - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Microsoft to buy it.
The correlation of Microsoft is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Microsoft can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Other Consideration for investing in Sothebys Stock
If you are still planning to invest in Sothebys check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sothebys' history and understand the potential risks before investing.
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