Up close and personal

TCI has come clean. In an email letter to Deutsche Börse, the activist investor demanded an EGM for the sole purpose of removing Kurt Viermetz, chairman of the exchange’s supervisory board. The move looks less like serious a investment strategy than the culmination of a personal dispute between Chris Hohn, who runs TCI, and Viermetz. Along with Atticus Capital, another hedge fund, TCI has 19.3% of Deutsche Börse. The email came from TCI alone, however, and was signed by Hohn. TCI has every righ...