$13m owed: Ferrari-driving businessman declares bankruptcy – Daily Mercury

A former Ferrari-driving businessman has declared bankruptcy after his four companies collapsed within eight months owing about 200 creditors $13 million. Sunshine Coast businessman Gordon Smith, who last year promoted his investment company as being “solid as a rock”, is unable to pay back the creditors of his four property development and wealth businesses, liquidators’…

$13m owed: Ferrari-driving businessman declares bankruptcy – CQ News

A former Ferrari-driving businessman has declared bankruptcy after his four companies collapsed within eight months owing about 200 creditors $13 million. Sunshine Coast businessman Gordon Smith, who last year promoted his investment company as being “solid as a rock”, is unable to pay back the creditors of his four property development and wealth businesses, liquidators’…

Company directors: if you can’t stand the heat, get out of the kitchen – Livewire Markets

In recent years, the lobby group for directors of large companies has been increasingly whingeing about various avenues for company directors to be held accountable. Its a bizarre position; highly paid people who hold themselves out as experts, demanding protection from the consequences when they fail to act reasonably. They have seized upon the Covid-19…