In February 2000, A. Alfred Taubman, majority shareholder of rival company Sotheby's stepped down amid a scandal after the Federal Bureau of Investigation had investigated commission-fixing between the two companies.
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Alfred Taubman, former Lawrence Tech architecture student - one of the nation's leading real estate developers, innovators, and owners of shopping malls throughout the U.S. He also owns Sotheby's auctioneers and until recently owned the A&W restaurant chain.
Twelve Oaks Mall was developed by A. Alfred Taubman and was completed and opened on August 3, 1977, anchored by Hudson's, JCPenney and Sears; the mall was designed by Victor Gruen and Richard Prince.