Business Services Industry
Big bangs can mean big busts - the One.Tel saga.
Australasian Business Intelligence, June, 2003
Jun 18, 2003 (My Business - ABIX via COMTEX)
One.Tel represents one of the more notable Australian business collapses in recent years. Over $A2 billion in shareholder funds were lost as a result of the telecommunication company's demise. In his book "Rich Kids", media commentator Paul Barry puts forward a number of reasons why One.Tel went under, including a lack of proper office management and insufficient credit checking of potential customers. Many have queried why Kerry Packer and Rupert Murdoch, two of One.Tel's bigger investors, did not adopt more of a "hands on" approach to a company that needed experienced people in charge, rather than visionaries.
Publication Date: July 2003
ONE.TEL LIMITED:
NEWS CORPORATION LIMITED - ASX...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
