Nov 19, 2009

No winners, but Jodee Rich gets back on his bike

For Jodee Rich, the One.Tel issue does not end with yesterday’s judgement: he's still seeking the payment of the $132 million that PBL and News had originally committed for the rights issue, plus interest and damages.

Margot Saville — <em>Crikey</em> Sydney reporter

Margot Saville

Crikey Sydney reporter

Jodee Rich woke up this morning “knowing how lucky I am to live in a country where an individual can climb a v big mountain and win against Govt and Big Biz,” he said on Twitter. Then he got on his bike and went back to work.

Although the ASIC judgment has been hanging over Rich’s head “like a sword of Damocles”, as one of his friends told me yesterday, he has not been sitting around waiting for it to fall. An early adopter of new technology, in early 2007 he started a new business, a social media networking tool called Peoplebrowsr, which started invoicing clients two months ago.

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4 thoughts on “No winners, but Jodee Rich gets back on his bike

  1. Michael Grau-Veliz

    The ogvernment should get rid of ASIC and start again.

  2. Jack Dempsey

    Its worth a senate enquiry… and what about roping in Shane Warne.. was he culpable? He’s got more hair now as well… we think…

  3. Anthony Dale

    An excellent commentary — keep up the good work. And please do a folow-up on the taxpayer who settled with the ATO for over $200 million. Who is it that was able to find such a sum and why has that person not been named?

  4. Heathdon McGregor

    Could crikey perhaps get somebody from the Costigan senate inquiry to gage their views on this latest kerfuffle?

    Is the point of this that the asic was used to clear the Packers and Murdochs? Where does that place their often repeated “its my responsiblity to minimise my taxes” quote.

    Let the connected go free because they didn’t mean it but dont get caught breaking the law without connections.

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