- May 5, 2004
- 24,183
- 48,814
Yeah, for many reasons it’s Levy-kicking season at the moment. But joining the dots it seems Tucker may have been able to sell the deal at a lower price than Levy wanted to the HSBC board, but Levy won’t go below his bottom line.That Times article is a bit peculiar, or perhaps a bit mendacious. It starts out with the Levy-article-knee-jerk assertion that HSBC pulled out of the deal because they couldn't agree a figure with THFC.
Then at the end, it becomes much clearer that the real reason was that Tucker, who has a pre-existing relationship with Levy from AIA, wanted to do the deal, but did not have support at HSBC board level.