Rudi can't fail
I'm giving thanks this week that it wasn't me who drew the
short straw of listening in to the Deutsche Börse
conference call discussing its non-improved offer for LSE. A
more junior colleague of mine ended up tearing his hair out as
one particular journalist was proffered a "no comment" - to
five successive questions. There were a couple of things worth
noting, though. The first question to Werner Seifert came from
a gentleman associated with one of the UK's less salubrious
tabloid publications, The Sun. Listeners pegged back their ears
for a question about page three stunnas or Posh 'n' Becks, but
it turned out to be a rather plodding inquiry about listings.
Several hours later, a mention of Eurex as Herr Seifert
confirmed that, in the event of a successful Deutsche
Börse bid, Eurex head honcho Rudi Ferscha would be
relocating to London. Of course, this won't come as a surprise
to most Eurex observers; in fact, it is widely believed that
Ferscha has had his heart set on a move for some time (perhaps
Seifert has taken to holding practice for his jazz band in the
next door office). Still, I wonder whether his horizons are
still a trifle narrow: just the other day a couple of industry
figures were telling me about a bar in Moscow that holds all
you can drink nights for the rouble equivalent of two pounds.
I'm not saying that's Ferscha's thing at all, but for two quid
you'd be mad not to consider it, surely?
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