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The Rise and Fall of Gunns Ltd (Paperback)
Loot Price: R1,070
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The Rise and Fall of Gunns Ltd (Paperback)
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The story of Tasmania's most controversial forestry giant, the
corruption that gave it power and the forces that brought it down.
At its peak, Gunns Ltd had a market value of $1 billion, was listed
on the ASX 200, was the largest employer in the state of Tasmania
and was its largest private landowner. Most of its profits came
from woodchipping, mainly from clear-felled old-growth forests. A
pulp mill in Tasmania's Tamar Valley was central to its expansion
plans. Gunns' collapse in 2012 was a major national news story, as
was the arrest of its CEO for insider trading. Quentin Beresford
illuminates for the first time the dark corners of the Gunns empire
and how it was embedded in an anti-democratic and corrupt system of
power supported by both main parties, business and unions.
Simmering opposition to Gunns and all it stood for ramped up into
an environmental campaign not seen since the Franklin Dam protests.
Fearless and forensic in its analysis, the book shows that
Tasmania's decades-long quest to industrialise nature fails every
time.
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