Last month former ABC Learning Centres CEO and BRW Rich List member Eddy Groves appeared before a court to face criminal charges resulting from a breach of directors’ duties.
Eddy groves
ASIC narrows the focus on Eddy Groves
It seems like ASIC has gone back to basics in its pursuit of former ABC Learning Centres boss Eddy Groves. SIC has decided to conduct a very narrow criminal prosecution based on a single transaction between ABC and former executive director Martin Kemp.
Federal Court puts the heat on key figures at ABC Learning
The Pandora’s Box that was ABC Learning Centres this week is being exposed to the financial world as the company’s administrator, Ferrier Hodgson, conducts a Federal Court examination of key ABC figures.
Groves almost Bond-like in his ability to shuffle an asset
Groves looks to be maintaining a large amount of wealth while shareholders and creditors in ABC Learning Centres are left with virtually nothing.
Eddy Groves freezing order has tentacles
ASIC yesterday launched a shock Federal Court bid to freeze the assets of failed ABC Learning Centres founder Eddy Groves and a key former associate.
Crikey’s 2008 Business Achiever Awards
It has been a banner year for business leaders, with competition for Crikey’s 2008 Business Achiever Awards more intense than ever, writes Adam Schwab.
Green and Groves: the gap between rhetoric and the real economy
If we’ve learnt anything from the spate of corporate collapses this year, it’s that rhetoric and the real economy can be poles apart, writes Andrew Crook.
The commentators who were seduced by Eddy Groves
Several high profile finance reporters were only too happy to praise Eddy Groves when being rich was as easy as ABC, writes Neil Walker.
The Groves debacle takes ABC into Australian corporate history
ABC Learning’s failure may be remember as one of Australia’s most notorious corporate meltdowns, writes Adam Schwab.
Eddy’s dream is over: ABC Learning in voluntary administration
The buzzards which have been circling have finally descended onto the carcass of ABC Learning.
ABC Learning, the great money losing machine
Doing the sums on ABC Learning shows up one damning stat — the company has never made a cent. Adam Schwab fires up his calculator.
ABC Learning’s generous use of play money
Shares in ABC Learning might have risen (slightly), but shareholders are unlikely to be rejoicing, writes Adam Schwab.
Briefly Business: Brisbane Bullets, private equity, European consumers
Brisbane Bullets to get a bullet? … Private equity boom goes BOOM! … Consumers suffering because European governments increased spending … Growth outlook bleak … Rebels leader Alex Vella wins $2.4 million from ANZ Bank.
Things not so funtastic for Eddie and ABC
When will Eddie Groves get his marching orders, wonders Adam Schwab?
Facts fail to bear out Groves’ hedge fund claims
Data shows that Macbank is the most-shorted stock on the ASX, but the bears are less enthusiastic about shorting ABC Learning Centres, despite the claims of Eddy Groves, reports Adam Schwab.
ABC Learning admits defeat in the US, problems continue at home
ABC Learning Centres has been defeated in the US, but it has also acknowledged that there are serious problems in its Australian business, writes Adam Schwab.
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The “Phantoms of the Parliament” … Eddy Groves … Guy Rundle in the US … Robert Manne … the AHA’s new guard … Qantas … Star fu*king …
So much for the Eddy Groves ‘coup’
Eddy Groves was universally hailed as a genius yesterday for last night’s Morgan Stanley Private Equity deal but the market wasn’t so impressed, writes Stephen Mayne.
