So naturally, they, and their fellow idiots (see: the guy who ran The CoOp into the ground) had to either buy it, or destroy it, leaving us with fuck-all choice…
Absolute cock heads, how that monopoly failed I have no idea, big captive audience, easy money, like that old bookstore here Wooldridge's. If you can't make money selling to every damn school student their entire catalogue, there is a problem.
From memory he defrauded them some very large amount of money, while running the Aus Geo brand into the ground (by buying it, and then attempting a failed rebrand) in the process...
White collar crime/insider trading, if you will.
But because of the structure of that "company", I don't think he was ever charged with anything...
Remember Dick Smith Electronics..? Like that, but somehow worse, because I believe this was one person...
too right mate, bloody oath I am.
Yeah from over west.
Absolute cock heads, how that monopoly failed I have no idea, big captive audience, easy money, like that old bookstore here Wooldridge's. If you can't make money selling to every damn school student their entire catalogue, there is a problem.
Oh I think it was actually deliberate...
From memory he defrauded them some very large amount of money, while running the Aus Geo brand into the ground (by buying it, and then attempting a failed rebrand) in the process...
White collar crime/insider trading, if you will.
But because of the structure of that "company", I don't think he was ever charged with anything...
Remember Dick Smith Electronics..? Like that, but somehow worse, because I believe this was one person...
Fucking crazy how this keeps happening, though!
C'est ça:
https://www.news.com.au/finance/business/retail/not-a-great-look-coop-bookshop-administrators-reach-deal-over-500000-worth-of-hats-from-ceos-company/news-story/5c133c3143fa604ac0df0386244b1ad6
"Hats". Somehow that is even more unreasonable and pathetic than I realised, SMH...
Fucking hate "business people" that do shit like this. And of course they get away with it, generally, too...