Geffen: Pru reminds me of Marconi destruction

Neptune's Robin Geffen has compared Prudential's proposed AIA takeover to the 2001 downfall of Marconi.

In what is another stinging attack on Pru chief Tidjane Thiam, Geffen says the deal is a "value destroying" investment. Geffen, the founder and managing director of Neptune, has set up the Prudential Action Group to try and build up shareholder upport against the deal. "I think it is really important to reflect on behalf of our unit holders concern about a company that seems intent on paying an extremely large value destroying investment overseas," Geffen said at the 2010 Fidelity FundsNetwork Investment Forum. "I have to say, one of my childhood heroes was Lord Weinstock and this ...