Friday, 26 December 2014
Last updated 2 days 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.