Rich Kids. How The Murdochs And Packers Lost $950 Million In One Tel

Cover Type: Hardcover
Book Condition: Very Good
Jacket Condition: Very Good
Publisher: Bantam Books
Publisher Place: Sydney
Publisher Year: 2002
Edition: First Edition

Description: 392 pages. Book and Jacket are both in Very good condition throughout. This Is The Inside Story Of One Tel's Meteoric Rise And Fall. It Is A Tale Of Chaos, Incompetence, Greed And Deceit, Of An Era When Huge Fortunes Were Made In The Crazy Dot Com Boom.

Publishers Description: The riveting inside story of how the Murdochs and Packers lost $950 million in One.Tel. Young, hip and smart, like the rich kids who backed it, One.Tel grew faster than any company in Australian history - then vanished in a puff of smoke. At the height of the hype, in November 1999, One.Tel was worth more than $5 billion, almost as much as Kerry Packers entire empire. Its founder, Jodee Rich, was worth close to $2 billion, with two houses, a jet, a helicopter, three powerboats and a private resort in the WhitSundays. Less than 18 months later the fun and friendly phone company was gone, the Packers and Murdochs had lost nearly $1 billion, and Jodee Rich was being investigated by Australias corporate cops. Rich Kids is the inside story of One.Tels meteoric rise and fall, told by award-winning investigative journalist Paul Barry. Its a tale of chaos, incompetence, greed and deceit; of an era when huge fortunes were made in the crazy dot-com.

ISBN: 9781863253383