Companies

May 20, 2013

Prime payouts become intriguing courtroom drama

The corporate watchdog is putting two directors of collapsed retirement fund Prime -- Bill Lewski and Michael Wooldridge -- into the dock. Their answers on the dramatic downfall are intriguing.

Adam Schwab — Business director and commentator

Adam Schwab

Business director and commentator

It was one of the lower-profile collapses of the global financial crisis, but the downfall of Prime Retirement & Aged Care Property Trust was also one of the most devastating, taking with it hundreds of millions of dollars of retirees savings, leaving devastation and reports of suicide.

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One thought on “Prime payouts become intriguing courtroom drama

  1. Malcolm Street

    Good to see the directors looking after the shareholders’ interests as usual…

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