Elliott releases letter from ex-Arconic ceo Kleinfeld describing Singer’s behaviour as ‘legendary’

Former Arconic ceo Klaus Kleinfeld allegedly sent Elliott Management's Paul Singer a football from the 2006 Germany World Cup and told the latter in a letter that his behaviour in Berlin had been “legendary”.

The letter, which has been released by New York-based activist shareholder Elliott, led to Kleinfeld's departure by mutual agreement from Arconic earlier this week after the company board determined it showed “poor judgement”. In the letter, Kleinfeld allegedly said that several people who accompanied Singer in Berlin in 2006 during and “especially after” the matches he attended “are still full of colourful memories about this obviously remarkable time; it indeed seems to have the strong potential to become lastingly legendary.” “How you...


Andrea Hotter

April 20, 2017

14:40 GMT

New York