The Resource A private affair, (videorecording)

A private affair, (videorecording)

Label
A private affair
Title
A private affair
Contributor
Subject
Language
eng
Summary
""Nick off, it's not for sale!" Qantas shareholder's answer to the takeover offer. It started with a hug but ended in tears. Just before Christmas, Qantas chiefs Margaret Jackson and Geoff Dixon staged an unusual public embrace as Bob Mansfield, from private equity suitors Airline Partners Australia, looked on. Four months later, at exactly 7 pm on May 4, the deal that couldn't fail nosedived into one of the most humiliating stuff-ups in Australia's corporate history. Trapped in the wreck was an A-list of Australian business celebrity that featured Jackson, Dixon, Mansfield, James Packer and hotshots from hitherto Midas-blessed Macquarie Bank. How did the unthinkable happen? Why did the 11.1 billion bid for Qantas fail so spectacularly? And what does the Qantas debacle say about the seemingly unstoppable flood of private equity that is driving takeovers across the globe? Worldwide, private equity last year reportedly accounted for more than 850 billion, about a fifth of the record 4.6 trillion in deals. And as private equity has ballooned, debate has sharpened. In the UK, it's now an election issue. Critics brand the private equity industry as impenetrably secretive and unaccountable, as corporate barbarians and locusts that strip assets, bury good businesses in debt and don?t pay their fair share of tax. But barrackers say private equity injects new life into flagging or undervalued businesses. And it's free from the pressures of shareholders demanding constant updates and instant dividends. "We drive for a destination, a higher result in three to five years," says Australia's private equity lobby. Others invoke the image of a new coach remaking a struggling footy team: "You've had a couple of seasons when you disappoint the followers of the team and then all of a sudden that new growth comes through." Tonic or toxic? Private equity's pros and cons are examined as Four Corners reporter Ticky Fullerton looks at the Qantas bid and explores another Macquarie deal The 20 billion takeover of Britain's biggest water company, Thames Water. Fullerton looks at how the core business of such a vital utility providing clean water and sewerage services to the public might be affected, and how this squares with debt and profits. She also draws some warnings for Australia. As capitalism constantly discovers new ways of mining capital, this week's Four Corners asks if the wave of private equity will roll past and peter out, or whether it's only just beginning to gather strength."--website
Cataloging source
VDU
Characteristic
videorecording
Dewey number
332.6
Intended audience
No rating given
PerformerNote
Reporter: Ticky Fullerton
Runtime
45
Series statement
Four corners (Television program)
Technique
live action
Label
A private affair, (videorecording)
Publication
Note
Off-air recording of ABC-TV broadcast May 28, 2007. Copied under Part VA of the Copyright Act
http://library.link/vocab/branchCode
  • mel
Color
multicolored
Configuration of playback channels
stereophonic
Control code
000041686149
Dimensions
4 3/4 in
Dimensions
other
Extent
1 videodisc (DVD) (45 min.)
Medium for sound
videodisc
Other physical details
sd., col.
http://library.link/vocab/recordID
.b22705636
Sound on medium or separate
sound on medium
Specific material designation
videodisc
System control number
  • ab41686149
  • (OCoLC)225455631
System details
DVD
Video recording format
DVD

Library Locations

    • Deakin University Library - Melbourne Burwood CampusBorrow it
      221 Burwood Highway, Burwood, Victoria, 3125, AU
      -37.846510 145.115099
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