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The rise and fall of Gunns Ltd / Quentin Beresford.

By: Publication details: Sydney, NSW : NewSouth Publishing, 2015.Description: 442 pages : map ; 24 cmISBN:
  • 9781742234199 (paperback)
Subject(s): DDC classification:
  • 338.76349 23
Summary: 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 its largest private landowner. Most of its profits came from woodchipping, mainly from clear-felled old-growth forests. A pulp mill was central to its expansion plans. Its 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. He shows it was built on close relationships with state and federal governments, political donations and use of the law to intimidate and silence its critics. Gunns may have been single-minded in its pursuit of a pulp mill in Tasmania's Tamar Valley, but 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. But the collapse of Gunns is the most telling of them all. 'This is a tale that needed telling. It is an important case history in environmental campaigning and a must-read for anyone interested in fairness and transparency in government.' - Geoffrey Cousins AM, businessman and president of the Australian Conservation Foundation.
Holdings
Item type Home library Collection Call number Status Date due Barcode Item reserves
Book Melbourne Athenaeum Library Non-Fiction 338.763 BER Available 058633
Total reserves: 0

Includes bibliographical references and index.

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 its largest private landowner. Most of its profits came from woodchipping, mainly from clear-felled old-growth forests. A pulp mill was central to its expansion plans. Its 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. He shows it was built on close relationships with state and federal governments, political donations and use of the law to intimidate and silence its critics. Gunns may have been single-minded in its pursuit of a pulp mill in Tasmania's Tamar Valley, but 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. But the collapse of Gunns is the most telling of them all. 'This is a tale that needed telling. It is an important case history in environmental campaigning and a must-read for anyone interested in fairness and transparency in government.' - Geoffrey Cousins AM, businessman and president of the Australian Conservation Foundation.

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