Tags: boardroom

12 Oct 2008, Comments (3)

Man-Bites-Dog story

Author: Helen

Treebeard the Ent

This is delicious: FORESTS might help to destroy Gunns Ltd’s latest old growth-chomping project.

Frankable Optionally Redeemable Equity Settleable Transferable Securities, that is.

No, this is not a joke. Surely a box of Monte Christo cigars will have been bestowed upon the banker who dreamt up this acronym.
Anyway, Gunns is looking to wrap up its $430 million capital raising by early October, before the interest rate on its Forests resets on October 14 to an expensive 12.5%…

October 14, eh? Tick, tick tick…

Of course, it’s more fun to imagine Treebeard storming into the Gunns Ltd boardroom, bearing two tonnes of old growth woodchips, all of which he forces John Gay to eat. With milk but no sugar.

14 Jun 2007, Comments Off on They don’t know much about art but they Know what they Like

They don’t know much about art but they Know what they Like

Author: Helen

Image from news.com.au

Some art world person on the news radio this morning, about the record price for Brett Whiteley’s painting The Olgas for Ernest Giles. (From memory): “There’s quite a lot of genitalia in there. That makes it highly desirable for any corporate foyer or boardroom.”