https://www.newyorker.com/magazine/2025/09/01/how-a-billionaire-owner-brought-turmoil-and-trouble-to-sothebys
4 replies (most recent on top)
“Amazing he got away with it”??? This is how much of business is conducted on a daily basis throughout the world-where have you been? Those with money, power and influence have been gaming the system for a long time. What distinguishes those like PD is their glutinous appetite for “more” that results in poor decisions like stretching the companies credit facilities to the point of breaking the business.
Very long article indeed, but doesn’t touch most of his shady unethical business decisions.
He's a high level crook that uses lawyers and accountants to avoid criminal prosecution. It is amazing what he's gotten away with...
A long but very good piece on PD and his business practices. What I have seen of PD over the last ten years is he has no interest whatsoever in producing anything of quality and this article reaffirms that belief. I also saw very early on that PD was a person of little to no integrity in matters of business and I suspected that probably carried over into his personal life as well. I did not care for his way of doing business when he showed up in the U.S. because he did not demonstrate one single attribute of what I was taught you should have as an employer or even an employee. I was raised with a very strong work ethic that demanded at the end of the day you had produced the highest quality product for your customers and you treated those you worked with respect. PD had none of these characteristics. He is someone I have no respect for whatsoever. I remained in my position after the acquisition in 2016 simply because it was convenient for me and I was able to stay off the radar for the most part. Having taken the VRP earlier this year the company will pay me for nearly two years while I have already been at my new job coming up on 4 months. I got out of him what I wanted. The best thing anyone can do when it comes to dealing with PD is to not have anything to do with him.