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Jan 30, 2013

Glowing Coe obits whitewash his shady business record

From all reports David Coe was a generous man, loved by friends and family, who died too young. But that doesn't change the fact he presided (and personally benefited) from a massive corporate collapse.

Adam Schwab — Business director and commentator

Adam Schwab

Business director and commentator

The death of financier David Coe at the age of 58 sparked a torrent of eulogies in the business press, led by The Australian Financial Review, which devoted four glowing articles to the former lawyer turned financial engineer.

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  1. Dogs breakfast

    I read the articles which were, as you say, universally praiseworthy for this fine businessman, and very light on detail of the record of Allco.

    But they did mention Allco, and I was sure that this group was more infamous than famous, in a sense, and yet there was no detail in the reports I read.

    I was satisifed that my memory wasn’t bunk, and considered it either a rare case of media kindness in death, or more likely a collective and convenient amnesia.

    Thank you for doing the checking that I couldn’t be bothered with. Rubicon I well remember as it was expansively covered at the time. I couldn’t help but wonder at the time how you get away with that, but it seems he did, no lawyer am I.

    I’m just a fool at his desk paying his taxes.

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