Wednesday, 23 July 2014
Last updated 13 hours ago
Dec 8 2005 | 5:06pm ET
Werner Seifert, former chief executive of Deutsche Börse, is reportedly close to finishing his book, “Invasion of the Locusts: Intrigues, Power Battles and Market Manipulation.”
According to European newspaper reports, insiders in the Deutsche Börse believe that the book may violate the terms of Seifert’s €10 million ($11.8 million) pay-off.
Seifert was toppled as head of the German exchange in May, just six months after launching a takeover bid for the London Stock Exchange, which met with major opposition from shareholders.
According to sources familiar with the book project, the tome details the battle to oust Seifert and his confrontational relationship with London-based hedge fund TCI, a leader in the shareholder rebellion. It also gives a broader critical analysis of the rise of activist investors and the consequences Seifert believes this trend will have for both German companies and firms world-wide.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…