Wednesday, May 11, 2005

The Scotsman - Business - Seifert pays the price for pan-European trading dream

I wonder if I'll ever get used to the directness and confidence of the Scrutineer columns at The Scotsman? Today's, for instance, written by Martin Flanagan, begins:

DREAMS can lead to disaster. Werner Seifert, the bright but not desperately humble head of the Frankfurt stock exchange, has been ousted.

The Deutsche Börse chairman, Rolf Breuer, will follow him out of the door at the end of this year on the tainted-by-association principle.

Swiss-born Seifert’s crime was that he was a serial offender in wanting to take over the London Stock Exchange, by hook or by crook, but never showed the deftness of judgment or flamboyance of nature to pull it off.

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