So, who was running Australia’s largest independent stockbroking firm BBY in the four years leading up to its spectacular demise? The ‘tyrant’ chairman, the legendary tennis player, the consultant psychic, and the chief executive have mostly been pointing at each other during the past two weeks in the witness box leaving only one clear impression – that the firm was a shambles and everyone is ducking for cover.
And potentially it was in this state for years.
It is not unheard of for companies that find themselves in financial dire straits to engage in desperate tactics, scrambling for money and robbing Peter to pay Paul. But the BBY saga has twist…
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