Can the handsome McGrathmaggedon turn it around?

Tuesday, 23 January 2018

Via the AFR:

The out-of-schedule board meeting called for last Friday afternoon at the McGrath real estate agency headquarters in Edgecliff, Sydney, was always going to be a showdown between founder John McGrath and the rest.

The board was due to get the December figures for the troubled real estate agency that day but it was obvious to everyone due to attend that things couldn’t continue as they were.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.