Tuesday, May 01, 2007

The Daily Mall Reader: Mall King Alfred Taubman

A daily dose of mall-related reading...

"Mall king A. Alfred Taubman's memoir tells of Sotheby's price-fixing scandal"

Canadian Press - April 09, 2007

(Excerpt) BLOOMFIELD HILLS, Mich. (AP) - A. Alfred Taubman, ignoring all of his instincts, stayed silent during the price-fixing trial that would end with a prison sentence for the former owner of Sotheby's auction house.

It was a decision that the luxury mall developer and philanthropist sees as a critical mistake as he reflects on a career in retailing that began as a discount store salesman and eventually put him at the centre of an art world scandal.

"I should have gotten on the stand," the 83-year-old billionaire said in a recent interview in his office at the suburban Detroit company he founded in 1950.

Read the full article here.

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