Aah... Prafits!
Suddenly, in the summer of 1987, Goldsmith sold virtually all of GO. Shortly afterwards, Packer sold his television businesses to Alan Bond in Australia. On October 19 came the crash. Both men had shown exquisite timing. While they were awash with cash, their rivals with money still in shares saw millions wiped
off their investments. It is the fascination with money which binds Packer, Goldsmith and Rothschild. Each has shown a happy knack of knowing when to retreat from a particular course. Packer and Goldsmith both sidestepped the crash.
All three are used to swimming against the tide
— hence their move on RHM just as it has lost City popularity by launching a bid in Australia. But despite all the soothing words, no one seriously believes the trio will simply sit back and watch their dividends roll in
—Copyright the "Guardian"
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Press, 12 June 1989, Page 30
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143Aah... Prafits! Press, 12 June 1989, Page 30
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