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 | |
---|---|
Born | June 1965 (age 58) |
Nationality | American |
Alma mater | Princeton University (BA) Harvard University (MBA) |
Spouse | Caroline Mitchell Fitzgibbons (1997–present) |
Children | 2 |
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]
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