by Jerome a Paris
Mon Dec 5th, 2005 at 05:55:31 AM EST
Should we extend an invitation to eurotrib to Herr Seifert?
Book by ex-Börse chief may upset exchange
Werner Seifert, former chief executive of Deutsche Börse, is to publish a vitriolic book attacking the kinds of foreign investors who deposed him six months ago.
But senior figures at the German stock exchange group believe Invasion of the Locusts, co-written with a Barcelonauniversity professor, could contravene the terms of Mr Seifert's 10m (£6.8m) pay-off, possibly triggering legal action against him.
Invasion of the Locusts - subtitled Intrigues, Power Battles and Market Manipulation - is partly a chronological narrative of the LSE bid battle and Mr Seifert's confrontational relationship with investors such as TCI, the London-based hedge fund that led the rebellion against the Börse's expansionist acquisition strategy.
According to people involved in the project, the book contains a broader critical analysis directed against the growing power of activist investors and the consequences for companies in Germany and elsewhere.
Actually, as the current press brouhaha is about whether the book will be published or not, we should offer to Herr Seifert and his publisher to provide some extracts for sistribution on eurotrib. what do you think?