Download PDF The Rise and Fall of Gunns Ltd, by Quentin Beresford
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The Rise and Fall of Gunns Ltd, by Quentin Beresford
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At its peak, Gunns Ltd had a market value of $1 billion, was listed on the ASX 200, and was the largest employer in the state of Tasmania as well as its largest private landowner. Most of its profits came from woodchipping, mainly from clear-felled old-growth forests. A pulp mill was central to its expansion plans. Its collapse in 2012 was a major national news story, as was the arrest of its CEO for insider trading. Quentin Beresford illuminates, for the first time, the dark corners of the Gunns empire. He shows it was built on close relationships with state and federal governments, political donations and use of the law to intimidate and silence its critics. Fearless and forensic in its analysis, the book shows that Tasmania’s decades-long quest to industrialize nature fails every time—but the collapse of Gunns is the most telling of them all.
- Sales Rank: #4785941 in Books
- Published on: 2015-02-01
- Original language: English
- Number of items: 1
- Dimensions: 9.10" h x 1.40" w x 6.00" l, .0 pounds
- Binding: Paperback
- 336 pages
Review
'This is a tale that needed telling. It is an important case history in environmental campaigning and a must-read for anyone interested in fairness and transparency in government.' - Geoffrey Cousins AM, businessman and president of the Australian Conservation Foundation
About the Author
Quentin Beresford is a professor of politics at Edith Cowan University in Perth and the author or coauthor of 11 books, including The Godfather: The Life of Brian Burke and the award-winning Rob Riley: An Aboriginal Leader’s Quest for Justice.
Most helpful customer reviews
0 of 0 people found the following review helpful.
The heart of Tasmania
By Gordon
Anyone wanting to understand Tasmanian history over the past 25 years and the central role of politics and the forest industry in that history must read this book. A classic story of hubris, ego and greed, and its terrible impact on a small island State. Gunns the company may be gone but the power and culture remain. Tasmania and it's forest industry still have many years of conflict to look forward too.
1 of 1 people found the following review helpful.
‘In Tasmania, state-sponsored development became an ‘obsession’ and a ‘cargo cult.’
By Jennifer Cameron-Smith
Gunns Ltd was once the largest employer in Tasmania. With a market value of $1 billion, and most of its profits coming from woodchipping, Gunns had expansion plans. Those plans required a pulp mill, which Gunns wanted to locate in the Tamar Valley – a tourist haven and home of many fine wineries. But the pulp mill did not proceed, Gunns collapsed in 2012, and CEO John Gay was arrested for insider trading. What went wrong?
To understand the rise and fall of Gunns, it’s necessary to understand the importance of economic development to Tasmanian politics. And to appreciate Tasmania’s unique position (in terms of representation) in the Australian Commonwealth. Federal elections can be won or lost in Tasmania.
‘Both of these strands of Tasmania –the remnant parochial, insular culture and its authoritarian politics – need to be understood and addressed for Tasmania to progress.’
Since the late nineteenth century, Tasmania has been searching for economic development. During my childhood in Tasmania, the Hydro-Electric Commission (the HEC) was focussed on damming almost every river on the island in the hope that cheap hydroelectricity would bring industry to the island.
But, by the 1970s things were starting to change. Increased environmental awareness was growing in Tasmania. Lake Pedder may have been flooded in 1972, but damming the Franklin River in the 1980s was a much more difficult proposition. And today, over thirty years later, there are many Tasmanians who believe that preventing the damming the Franklin was a tragedy.
This, then, is some of the background to the rise of Gunns. Many Tasmanians believe that increased industry is necessary for Tasmania to thrive. A number of those Tasmanians see the damming of rivers and the destruction of old growth forest as necessary sacrifices to progress. Within the Tasmanian community, it is an issue that polarises and divides communities and families.
By the way, the company Gunns was founded in 1875 by brothers John and Thomas Gunn as J&T Gunn. J&T Gunn was once a building business which built many notable buildings in northern Tasmania. One of my favourites is Launceston’s Customs House.
In this book, Quentin Beresford analyses the Gunns empire and its relationship with government. This is a case study in corruption and abuse of power, of ineffective governance and populist government. What has Tasmania (and the Commonwealth of Australia) learned from this experience? Could it happen again?
Jennifer Cameron-Smith
0 of 0 people found the following review helpful.
well researched and placed within a historical context. perhaps ...
By Alison Stock
well researched and placed within a historical context. perhaps a little one-sided, however it's likely the main 'culprits' wouldn't cooperate with giving information, so that has to be taken into account.
shocking reading.
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