The corporate watchdog has failed in its civil action against One.Tel founder Jodee Rich and the doomed telecommunication's company's finance director Mark Silbermann.
As ASIC commences civil proceedings against former One.Tel managing directors Jodee Rich, Bradley Keeling and Mark Silbermann, public pressure to make directors and executives personally pick up the tab for company failures may be rising, according to a survey.
Administrators of the defunct telco One.Tel have recommended that the company be wound up in its report to creditors, released today.
The recent wreck of Globalfreeway has been shrouded in mystery with the company's receivers refusing to comment and the management seemingly going into hiding. However, in true Christopher Skase style, one of the directors has turned up in Spain, sources allege.
Until its sudden and mysterious collapse into bankruptcy, ICG Communications seemed to have it all. ZDNet takes a look at the scandals and secrets that rocked this company and brought it to its knees.
When Telstra boss Sol Trujillo took up the microphone at the National Press Club in Canberra at lunchtime on Thursday he knew the next hour would be a bumpy ride.
As ASIC commences civil proceedings against former One.Tel managing directors Jodee Rich, Bradley Keeling and Mark Silbermann, public pressure to make directors and executives personally pick up the tab for company failures may be rising, according to a survey.
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