OZschwitz: An old capitalist prepares to fade away

Sir Ron Brierley's investment empire was never meant to last forever, he tells Denise McNabb.

The ageing corporate raider Sir Ron Brierley has been threatening to resign as chairman of Guinness Peat Group for more than a year. He says he would have "faded away" by now if not for the economic crisis.

But he cannot bear to leave on a down note without some sort of deliverance to loyal shareholders who have gone along for the giddy ride during which he has championed some of the most brazen company raids on both sides of the Tasman over more than 40 years.

Brierley, 72, is not contemplating riding on his own into the sunset, either. He reckons GPG has reached its "use-by date" and when the time comes - "sooner rather than later" - he thinks the company might shut up shop as well. It is an option he says is under serious consideration.

LNK

OZschwitz: An old capitalist prepares to fade away

OZschwitz: An old capitalist prepares to fade away

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