Christopher Skase

Christopher Skase was an Australian stockbroker and businessman. His company, Qintex, became one of the biggest corporations in Australia in the 1980s before the worsening financial situation in Australia exposed the overextended company in 1989, leading to its collapse.


Skase was a high-flyer of the Roaring Eighties. His company Qintex was involved in a number of commercial interests, including five Mirage holiday resorts, the Brisbane Bears Football Club, the Hardy Brothers jewellery company and major parts of the Seven Network.

When interest rates began to rise towards the end of the decade, Skase realised his debts could not be repaid, and he began to funnel money into overseas bank accounts.

Skase was eventually charged with financial impropriety, but fled to Majorca in Spain. The Spanish government refused to extradite him, largely due to Skase's claim of a serious lung condition, which everybody knew to be bullshit.

In 2001, after more than a decade of trying to get Skase home, the fugitive died of stomach cancer.

But it's important to remember that Christopher Skase was just one Bad Apple and capitalist businessmen have your best interests at heart.

Alan Bond

Alan Bond was an Australian businessman who became a poster child for the capitalist excesses of the 1980s. He incurred huge financial losses which led to the destruction of Bond Corporation, and was involved in the WA Inc political corruption scandals in Western Australia. He was eventually sentenced for seven years' prison in 1997.


Bond entered and has remained in the Australian imagination as the man won Australia the America's Cup, taking the trophy out of American hands for the first time in 132 years.

But underneath all the hype and jingoism, Bond was no more than a thief and a crook. He siphoned off money from the publicly-listed company Bell Group which he controlled to plug the holes in his own failing companies.

In 1987, Bond purchased Vincent Van Gogh's renowned painting, Irises, for $54 million—the highest price ever paid for a single painting. However, the purchase was funded by a substantial loan from the auctioneer, Sotheby's, which Bond failed to repay.

Bond bought the Nine Network from Kerry Packer for $1 billion, but when the money finally ran out and Bond was declared bankrupt, Packer took the TV station back for a pittance. Packer famously stated: "You only get one Alan Bond in your life, and I've had mine."

At the time, the Bond Corporation collapse was the biggest in Australian corporate history. Thousands lost their jobs.

But it's important to remember that Alan Bond was just one Bad Apple and capitalist businessmen have your best interests at heart.