Werner Seifert was thrown out of his position when his shareholders were not happy with the way he was running the company, both on strategy or style, and now he is hitting back.
Shame that he didn't get the message that an imperial style and ignoring the clear wishes of your shareholders were the reasons for his ignominious departure. Finding scapegoats is his way of distributing blame.
He has chosen well in his scapegoats, as the so called locusts (investors who make their feeling known and do not lie down and play dead, after having invested their money) are still not well seen in parts Germany.
Onésimo Alvarez-Moro
See article:
Werner Seifert, former chief executive of Deutsche Börse, yesterday fired off a "Big Bang" campaign to outlaw the kind of aggressive investment tactics that led to his dramatic ousting last year.
Launching his book Invasion of the Locusts in Frankfurt, Mr Seifert said he had yesterday written to Europe's finance ministers with recommendations as to how best to contain the influence of hedge funds, to press for transparency and to enforce existing legislation more effectively.
Germany, in particular, had successfully welcomed the forces of global capital but had failed to curb its excesses, Mr Seifert said.
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