The Bold Riders

The Bold Riders

$54.85 AUD $50.00 AUD

Availability: in stock at our Melbourne warehouse.

NB: This is a secondhand book in very good condition. See our FAQs for more information. Please note that the jacket image is indicative only.

Author: Trevor Sykes

Format: Hardback

Number of Pages: 750


Australia's corporate collapses of the 1980s were the most devastating in the country's history. The crashes of the empires of such former heroes as Alan Bond, John Spalvins and Christopher Skase had a massive impact that went far beyond the stock exchanges, shook the entire banking and financial system, and reverberated much further than Australian shores. How did it happen? What did it all mean? Will it happen again? The Bold Riders answers these questions. It explores the forces that created the corporate cowboys and allowed them to flourish. Their businesses and accounts are analysed, revealing the flaws that often stayed hidden for years. The Bold Riders also studies the reasons behind the widespread failure of regulation. The characters that march through these pages were larger than life, and so were their follies. The author does not spare the former stars of the stock exchanges. On Alan Bond: 'If there were a Society of Cheerful Rogues, Alan Bond would have been its Life President.' On Christopher Skase: 'Skase was in the position of an FA-18 pilot flying flat out just a few feet above the water. One hiccup and he would be in the drink.' On George Herscu: 'Having accumulated more wealth than he could have spent in a lifetime, he lost the lot and impoverished his family into the bargain.' On John Spalvins: 'When it came to gambling on the markets, Spalvins' luck and judgement were no better than average.' On directors: 'Too many directors simply sat impotently while massive disasters were being created.' On auditors: 'If the audit profession cannot function any more usefully than it did in Australia in the 1980s then it might as well be abolished.' Copyright (c) 1986 John E. Treankler *
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Description
NB: This is a secondhand book in very good condition. See our FAQs for more information. Please note that the jacket image is indicative only.

Author: Trevor Sykes

Format: Hardback

Number of Pages: 750


Australia's corporate collapses of the 1980s were the most devastating in the country's history. The crashes of the empires of such former heroes as Alan Bond, John Spalvins and Christopher Skase had a massive impact that went far beyond the stock exchanges, shook the entire banking and financial system, and reverberated much further than Australian shores. How did it happen? What did it all mean? Will it happen again? The Bold Riders answers these questions. It explores the forces that created the corporate cowboys and allowed them to flourish. Their businesses and accounts are analysed, revealing the flaws that often stayed hidden for years. The Bold Riders also studies the reasons behind the widespread failure of regulation. The characters that march through these pages were larger than life, and so were their follies. The author does not spare the former stars of the stock exchanges. On Alan Bond: 'If there were a Society of Cheerful Rogues, Alan Bond would have been its Life President.' On Christopher Skase: 'Skase was in the position of an FA-18 pilot flying flat out just a few feet above the water. One hiccup and he would be in the drink.' On George Herscu: 'Having accumulated more wealth than he could have spent in a lifetime, he lost the lot and impoverished his family into the bargain.' On John Spalvins: 'When it came to gambling on the markets, Spalvins' luck and judgement were no better than average.' On directors: 'Too many directors simply sat impotently while massive disasters were being created.' On auditors: 'If the audit profession cannot function any more usefully than it did in Australia in the 1980s then it might as well be abolished.' Copyright (c) 1986 John E. Treankler *