Pierpont

The Bold Riders

Australia's corporate collapses of the 1980s were the most devastating until then 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 financial and banking systems, and reverbrated much further than Australia's shores.

The Bold Riders 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 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 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."

About the digital version of this book...
The Bold Riders is offered here as an e-book - a digitised version of the book in a protected pdf format.

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