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The Rise and Fall of Alan Bond

por Paul Barry

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When Alan Bond won the America's Cup in 1983, Australia celebrated and welcomed him as a hero. Now, seven years later, the nation's most famous entrepreneur has become almost a villain. His empire is in ruins, he owes billions of dollars to the banks, and a special investigation has started into his business dealings.THE RISE AND FALL OF ALAN BOND is the story of how we made this man a hero and why he fell from grace.It is also the story of an era-- when Greed was Good; when banks blindly lent billions of dollars to Australia's high-flying entrepreneurs to build their paper empires.Smiling, loud-mouthed, uncomplicated, almost always cheerful, Alan Bond was a rags-to-riches success, a role model for young Australians. The poor immigrant-turned-signwriter who became a multi-millionaire was living proof that, for those who worked hard and believed in themselves, Australia was the land of opportunity.But there was another Alan Bond-- the one who didn't care a damn for the rules, the one who manufactured profits, the one who paid himself massive fees for services of doubtful value.Award-winning ABC-TV FOUR CORNERS reporter Paul Barry made headlines in 1989 with his dramatic revelations about Bond Corporation's business deals and its Cook Islands tax schemes. Now he traces Alan Bond's scramble to the top of the pile, how he plundered his public companies and how the banks and corporate regulators let him do it.But the THE RISE AND FALL OF ALAN BOND is not just about a business empire; it is about the man and what drives him on. It is about a boy who longed to see his name in lights, who was desperate to be accepted by establishment, who wanted to be Sir Alan.… (mais)

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Bond, Alan (Subject)
  LOM-Lausanne | Apr 30, 2020 |
Alan Bond was a household name in Australia in the 1980s. Winner of the Americas Cup, his name emblazoned on buildings and infrastructure, his brewing enterprises. For the most part, people probably thought of him as a scoundrel, and bloke who made his way from nothing to being able to buy the most expensive painting ever. However, as was revealed in later times, and well described by this book, Alan Bond was a fantastic salesman, and used other people's money to build an empire. Along the way he sucked in premiers and prime-ministers as well as a host of gullible wannabes. In the end, the growth ran out of puff, and his dishonorable ways became more well known. Properties changing hands from one the other, and then back to the one; with huge 'success' fees ending up in his pocket. Having lived through that time, there is no doubt that he gave many people a ride of their lives. No doubt Fremantle is where it is because of the Americas Cup (although it has since received a second wind because of less secular sources).
This book that not tell the full story (perhaps it's my older edition). Bond ended up in jail, along with lots of others including two former premier of Western Australia. After regaining the memory he lost during his trials, Bond 'found' money to start again. He remarried and suffered the death of that wife as well as of a daughter. And a couple of years ago he too died. ( )
  robeik | Nov 24, 2019 |
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When Alan Bond won the America's Cup in 1983, Australia celebrated and welcomed him as a hero. Now, seven years later, the nation's most famous entrepreneur has become almost a villain. His empire is in ruins, he owes billions of dollars to the banks, and a special investigation has started into his business dealings.THE RISE AND FALL OF ALAN BOND is the story of how we made this man a hero and why he fell from grace.It is also the story of an era-- when Greed was Good; when banks blindly lent billions of dollars to Australia's high-flying entrepreneurs to build their paper empires.Smiling, loud-mouthed, uncomplicated, almost always cheerful, Alan Bond was a rags-to-riches success, a role model for young Australians. The poor immigrant-turned-signwriter who became a multi-millionaire was living proof that, for those who worked hard and believed in themselves, Australia was the land of opportunity.But there was another Alan Bond-- the one who didn't care a damn for the rules, the one who manufactured profits, the one who paid himself massive fees for services of doubtful value.Award-winning ABC-TV FOUR CORNERS reporter Paul Barry made headlines in 1989 with his dramatic revelations about Bond Corporation's business deals and its Cook Islands tax schemes. Now he traces Alan Bond's scramble to the top of the pile, how he plundered his public companies and how the banks and corporate regulators let him do it.But the THE RISE AND FALL OF ALAN BOND is not just about a business empire; it is about the man and what drives him on. It is about a boy who longed to see his name in lights, who was desperate to be accepted by establishment, who wanted to be Sir Alan.

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