Deals
‘Dear Mr. Singer’: The Strange Letter That Cost a CEO His Job
- Ex-Arconic chief sent activist Singer ‘souvenir’ soccer ball
- Elliott has denied implications of CEO’s ‘threatening’ letter
Klaus Kleinfeld.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The letter to billionaire investor Paul Singer was unusual, to say the least. Stranger still was the accompanying gift: an Adidas soccer ball.
Klaus Kleinfeld’s personal message -- full of innuendos about Singer’s supposed partying in Berlin during the 2006 soccer World Cup -- was made public late Wednesday, days after he stepped down as Arconic Inc. chief executive officer as the board said he’d shown ‘‘poor judgment.’’