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How Greensill turned into a multibillion-dollar corporate calamity

Greensill Bank in Germany (Image: EPA/Focke Strangmann) Well, that escalated quickly. Three weeks ago, Lex Greensill was fated as one of Australia’s richest people, the Queensland farmer who created a financial powerhouse worth $6 billion. Now, its gone. It’s been a while since we’ve had a genuine big corporate collapse. But with Greensill Capital belatedly slipping into insolvency yesterday, we’ve finally got one. Not all business collapses are equal. Some figures, like the high-flyi...
Mark Sowerby Christopher Skase Focke Strangmann David Coe Lex Greensill Greensill Bank Lex

Start-ups to shutdown: Govt body's shock axing

by Hayden Johnson, Emmaline Stigwood 4th Mar 2021 5:24 AM Premium Content Subscriber only Queenslands chief entrepreneur role has been axed and part of the $755 million government office quietly dissolved after five years fostering new businesses. The State Government will close the Office of the Chief Entrepreneur and replace it with an "advisory council" under its Advance Queensland program. In 2016, the Palaszczuk government ...
Mark Sowerby Stirling Hinchliffe Annastacia Palaszczuk Leanne Kemp Steve Baxter State Government

No Blue Sky accountability in Aston's case

No Blue Sky accountability in Aston’s case Justice Michael Lee said the nature of Blue Sky’s demise warranted the focus and comment of Joe Aston but the judge found Aston went too far in his comments on Elaine Stead. Jan 28, 2021 – 12.00am Save Share The aggravated damages judgment in favour of venture capitalist Elaine Stead and against Rear Window’s Joe Aston provides a fitting epitaph to the demise of Blue Sky Alternative Investments. Blue Sky was one of the worst corpora...
Mark Sowerby Justice Michael Lee Rob Shand Blue Sky Investments Commission Australian Securities
Source: afr.com

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