http://www.news.com.au/business/texas-billionaire-david-bonderman-takes-home-15bn-profit-from-myer-deal/story-e6frfm1i-1225801674921
Texas billionaire David Bonderman takes home $1.5bn profit from Myer deal
By Jennifer Sexton From: The Sunday Telegraph November 22, 2009 12:01AM
David Bonderman pocketed $1.5 billion by buying Myer at a bargain-basement price and flogging it back to the market at a premium / File
HE'S the genius behind one of Australia's most extraordinary business coups: a Texas billionaire who lives as large as he stands.
Just two years after failing to get his hands on Qantas, the lanky maverick has pocketed a remarkable $1.5 billion profit by buying Myer, one of our best-loved retailers, at a bargain-basement price and flogging it back to the market at a premium.
David Bonderman, renowned as the "King of Buyouts'', has left the Australian Taxation Office scratching its head - and mum-and-dad investors shaking their heads, wondering where their cash went, The Sunday Telegraph reports.
The taxman wants $678 million in tax and penalties, and everyday investors want answers.
Within hours of the Jennifer Hawkins-hyped sell-off of Myer, the bounty controlled by Bonderman's TPG had disappeared.
Overnight, $1.5 billion was spirited out of Australian bank accounts to the Netherlands before being transferred to companies based in two notorious tax havens: the tiny European nation of Luxembourg and the the Caribbean's Cayman Islands.
And the 67-year-old mate of James Packer, who shares the Australian billionaire's penchant for buying into casinos, has pulled off the deal just 12 months after predicting a long, deep and painful recession.
While Bonderman and his equally colourful co-chairman, Dick Blum, quadrupled their investment in Myer, investors watched the stock plunge nine per cent when it listed. They're still waiting for the share price to hit the $4.10 they paid for their stock.
The deal has shades of TPG's buyout of British department store chain Debenhams. TPG and its partners made an almost fourfold return, while the value of Debenhams stock has since fallen by half.
Two weeks after the sell-off saga began to unfold, Australian authorities and the wider business community are still wondering what actually happened.
After the ATO raised the red flag, one Myer investor posted on the financial blog Hotcopper: "Yep ... the money's gone ... all da way to da CAYMAN ISLANDS!!!!! They came to Australia, made the quick big bucks and go without mercy and no social responsibility.''
One Australian entrepreneur told The Sunday Telegraph: "There is something preposterous that when you make a gain here you are paying tax at 50 or 30 per cent, but when a foreigner makes a gain, they pay no tax.
"They were never intending to sit on (the Myer investment) for 100 years.
"They improve, stroke and hit the business, prod it, and then they flog it."
And that's exactly what Bonderman and his high-flying buddy Blum did with Myer. Like the Myer deal, everything the enigmatic big man from Texas does is big - his partying and his personal fortune among them.
The father of five is said to have thrown the most lavish multi-million dollar bash in history to celebrate his 60th birthday, even bringing in the biggest band in the world - the Rolling Stones - and comic Robin Williams to entertain his guests.
But it's his business acumen that has made him famous. The $US1.7 billion man is a pioneer among the buyout barbarians: he spends millions on troubled assets, turns them around and sells them off for millions more.
That was the modus operandi with Myer. With Dick Blum, Bonderman's Texas-based TPG came to Australia with $500 million to buy the troubled retail giant.
Three years later Blum, who travelled to Myer board meetings in his $70 million Gulfstream jet, and Bonderman are back in America counting their cash and contemplating the next deal.
But with the ATO chasing the money trail, the pair may think again before opting for another bold Australian bid.
The ATO has claimed $452 million in alleged unpaid tax, plus $226 million in penalties. Foreign investors don't pay capital gains tax, and exactly why the tax is being claimed remains a mystery.
The ATO isn't commenting, but there is speculation it will argue that the proceeds should be considered income and taxed accordingly. Sorting that out is likely to take years in the courts.
Bonderman, whose wiry, receding hair makes him look like a mad scientist, is not the type to roll over and pay tax that TPG claims it doesn't owe.
He and Blum don't like talking to the media and, through their gun corporate crisis manager in Australia, Sue Cato, declined to be interviewed for this story.
Cato released a three-sentence statement saying, in part: "Ultimately, the issues will be dealt with according to the law and TPG will co-operate fully with any inquiry the ATO may make, as it has done in the past.''
TPG's Australian office, in Collins St, Melbourne, is run by Ben Gray, son of former Tasmanian premier Robin Gray.
Ben Gray was also involved with TPG's failed $11 billion bid for Qantas - TPG's previous big time tilt at an Australian icon. He, too, wasn't commenting.
Bonderman has been looking to Australia for years, and has formed a friendship with James Packer. Both have invested in the world's biggest casino operator, Harrah's Entertainment, in the US.
Observers have described him as possessing all the charm and arrogance of a Hollywood leading man.
But with the taxman on his tail over the Myer deal it is unclear whether the Harvard-educated former bankruptcy lawyer's 67th birthday this Friday will match the extravagance of his previous parties, which included The Rolling Stones, John Mellancamp and Robin Williams as entertainment.
Even so, on the face of it, Bonderman's Myer moment has capped off an otherwise disappointing couple of years for Bonderman.
He has fallen significantly down the Forbes rich list after blowing as much as $US1.3 billion in an unsuccessful attempt to save the Washington Mutual bank.
He peaked in 2007 as the 105th richest man in the US, with an estimated $US3.3bn fortune.
One of his biggest successes was salvaging Continental Airlines with a $US66 million investment that in five years was worth $US700 million.
He also enjoyed huge success with discount airline Ryanair and fast food giant Burger King.
This latest foray in Australia - one of the biggest of its type in the world this year - appears to be yet another Everest-like success for Bonderman and Blum, his pal of 30 years.
The pair hike together in Tibet, Nepal and Bhutan.
"He climbs, I trek,'' says Bonderman.
Whether they remain on cloud nine over the Myer deal remains to be seen.
Read more: http://www.news.com.au/business/texas-billionaire-david-bonderman-takes-home-15bn-profit-from-myer-deal/story-e6frfm1i-1225801674921#ixzz17Wr1b356
Showing posts with label NEW WORLD ORDER. Show all posts
Showing posts with label NEW WORLD ORDER. Show all posts
Monday, November 22, 2010
Monday, December 14, 2009
JORGE BORN INTERNATIONAL MEMBER OF THE MORGAN BANK
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JORGE BORN INTERNATIONAL MEMBER OF THE MORGAN BANK |
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DAVID ROCKEFELLER: MORGAN BANK
1988 - Institutions-Community-Business
Diploma of Merit
Derivative Industry Employers
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Search Awards
Awards Timeline
by activity
Awards Scheme
Diamond Konex Awards
Honor Konex
Distinctions.
Before receiving the Certificate of Merit:
Degrees and / or Post-graduate achieved. Granting institution and year:
Wharton - University of Pennsylvania.
Awards. Year granted:
Dr. Honoris Causa - University of Antwerp.
After recber the Diploma of Merit:
Teaching positions, public, private and other achieved:
Former president of Bunge y Born SA, 1987-1991.
Council Member Morgan International Bank (now).
SA president caldenes (Current).
Academician of the Academy of Sciences of the Company (current).
1988 - Institutions-Community-Business
Diploma of Merit
Derivative Industry Employers
-------------------------------------------------- ------------------------------Search AwardsAwards Timelineby activityAwards SchemeDiamond Konex AwardsHonor KonexDistinctions.Before receiving the Certificate of Merit:Degrees and / or Post-graduate achieved. Granting institution and year:Wharton - University of Pennsylvania.Awards. Year granted:Dr. Honoris Causa - University of Antwerp.After recber the Diploma of Merit:Teaching positions, public, private and other achieved:Former president of Bunge y Born SA, 1987-1991.Council Member Morgan International Bank (now).SA president caldenes (Current).Academician of the Academy of Sciences of the Company (current).
1988 - Institutions-Community-Business
Diploma of Merit
Derivative Industry Employers
-------------------------------------------------- ------------------------------Search AwardsAwards Timelineby activityAwards SchemeDiamond Konex AwardsHonor KonexDistinctions.Before receiving the Certificate of Merit:Degrees and / or Post-graduate achieved. Granting institution and year:Wharton - University of Pennsylvania.Awards. Year granted:Dr. Honoris Causa - University of Antwerp.After recber the Diploma of Merit:Teaching positions, public, private and other achieved:Former president of Bunge y Born SA, 1987-1991.Council Member Morgan International Bank (now).SA president caldenes (Current).Academician of the Academy of Sciences of the Company (current).
BUNGE & BORN, ROTSCHILDS, AND ARCHITECTS OF COMMUNISM
Adam Weishaupt the founder of the order Bavarian Illuminati was a Jewish practitioner of Kabbalah, like Karl Marx, whose family was one of the most renowned in this field, the Rockefeller or Rothschild families prominent American Jewish bankers who control the societies paramasónicas Bildeberg Club and Trilateral Commission also have this origin, the list is very long and would be in all historical events "revolutionaries" of the last three centuries, French Revolution, Russian Revolution and spread of Communism, WWI, WWII etc etc.
In the previous publication we discovered the true identity of the writer Eduardo Hughes Galeano, continuing along the line of his ancestors Bunge, founder of the multinational behind the facts of corruption in Pluna and many others reported on the blog as the assassination of JFK .Communism was created by the families linked to the New World Order project, funded by the Rothschild family, with the aim of creating an antithesis to capitalism to continue making successful experiments of the French Revolution and Napoleon Bonaparte, who filled their coffers.This secret screening, coupled with information known in the writings of Pike Mazini, explains the little known historical fact that Karl Marx wrote, during his London exile, their works, "The Communist Manifesto" (1848) and The Capital "(1867) on behalf of Nathan Rothschild, whose name interestingly means" shield or protector of the red. "Checks to pay you this "favor" to Marx can be seen in the British Museum.In 1989 Menem delivers the economic reins of Argentina Bunge & Born group through Rapanelli Nestor and Miguel Roig, two of its senior management.The famous economist responsible for the debt swap, which sank the Argentine Argentina and Uruguay in the worst crisis in its history was next to Cavallo, Daniel Marx, a name that says it all, coincidentally his beginnings were in the bank founded by Tornquist Eduardo Hughes Galeano great-grandfather of one ofthe many disinformants the system.
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| Daniel Marx o .......Mordechai? |
After these signs does not seem a coincidence that one of the current directors of Bunge group is called William Engels, a descendant of Friedrich Engels.
Incredible similitude
Friedrich Engels
Apart from the economic ties we can see blood, because the Sr.Engels is married to a Born.To proceed with this combination of incredible coincidences in the Directory of Bunge Ltd find Bernard De la Tour member of the European nobility and a descendant of Amschel Moses Rothschild.
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| Bernard de La Tour |
Bernard de La Tour d'Auvergne Lauraguais ( DIRECTOR BUNGE LTD )
descendant:
Moses Amschel Rothschild
http://www.angelfire.com/in/heinbruins/Rothschild.html
Money is the basis of power, "says Rakovsky and the Rothschilds made through the banking system.The "Revolutionary Movement" is an attempt by Meyer Rothschild and his alliesprotect and extend this monopoly by establishing a totalitarian world order.
According Rakovsky,"The Rothschilds were not the treasurers, but the heads of the first secret Communism ... Marx and the highest chiefs of the First International ... were controlled by Baron Lionel Rothschild, [1808-1878] whose revolutionary portrait was done by British Prime Minister Disraeli, who was also his creature, and has come on the novel by Disraeli, "Coningsby."(250)Nathaniel, son of Lionel, (1840-1915) needed to overthrow the Christian Romanoff Dynasty. Through his agents Jacob Schiff and the Warburg brothers, he financed the Japanese in the Russo-Japanese war and a failed insurrection in Moscow in 1905.Then instigated the First World War (Trotsky was behind the assassination of Archduke Ferdinand) and financed the 1917 Bolshevik Revolution. Rakovsky says he was present in the transfer of funds in Stockholm. (251-252)
The Jewish labor movement or "bund" was the instrument of the Rothschild. The "secret faction" of the Bund had infiltrated all the socialist parties of Russia and provided the leadership for the Russian Revolution. Alexander Kerensky, the Menshevik Prime Minister was a secret member. (253)
Leon Trotsky was supposed to become the leader of the USSR. Trotsky, a Jew, married the daughter of one of the closest collaborators of Rothschild, the banker Abram Zhivotovsky and became part of the "clan."
Unfortunately, a communist "patriot" as Lenin (who had a Jewish grandfather) went on the road. Lenin and Trotsky was imposed peace with Germany (Treaty of Brest Litovsk in 1918). This was not the plan of Rothschild.
It was assumed that would end World War as did the Second World War. It was hoped that Russia defeated Germany in 1918 and help the "revolutionary" local authorities to establish "people's republics."
Trotsky tried to assassinate Lenin in 1918 but Lenin survived. When Lenin had a stroke in 1922, Trotsky had Levin, Lenin's Jewish doctor, finish him off.
At this critical moment, the unexpected happened. Trotsky got sick and Stalin was able to take power. At this crucial moment, the Trotskyites pretended to support Stalin and infiltrate his regime to sabotage it.
Rakowsky characterizes Stalin as "Bonapartist", a nationalist, as opposed to a community as Trotsky."He is a murderer of the Revolution, not useful, but who uses it represents the most ancient Russian imperialism, just as Napoleon is ...... id
Sunday, November 29, 2009
ERNESTO TORNQUIST, ROTHSCHILDS AND KRUPPS ARGENTINA ILLUMINATIS CONNECTION
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| Ernesto Tornquist |
Two years later, he returned to Buenos Aires to work as a customs broker in the commercial that he directed his brother in law -Altgelt, Ferber and Company. This business house was a firm that was dedicated to the export of wool and hides and the import of agricultural machinery as the Krupp´s representatives, had its origins in Buenos Aires founded in 1828 by the German Carlos Alberto Bunge. After the death of Bunge, the company was reorganized under the direction of his nephew, Adam Altgelt which was married Ernesto´s sister Laura Micaela Tornquist Camusso . In 1874, Tornquist went on to lead the firm which then adopted the name of Ernesto Tornquist y Cia., Which is linked with traders in Antwerp, whose contributions enabled the diversity capital of the company.
He made a meteoric career in Argentina society, from his father's business and family relationships of his Creole mother. In1890 it was the most important banker in Buenos Aires, and from then until his death in 1908, became the demiurge of Argentina's economy. Gotta represent Rothschild (English and French),Deutsche Bank, Bank of Paris (BNP Paribas) and the Netherlands and JP Morgan, in short, the entire international financial elitewith interests in Argentina. Still, his activities were not limited to banking, businessman and was also developed significantbusiness in the agribusiness, farms, flour mills, sugar mills and others. He was hated, even by the press who paid: there was nosocial style, wrote badly and was sharp in his considerations, not pushed too hard and never apologized.
Ernesto Tornquist began investing in salt licks and refrigerators, and bought land in Santa Fe, Entre Rios and essentially won to the Indian territory.
The first phase: 1880-1914The struggle Tornquist-Zeballos
Ernesto Tornquist (1), representative of the Krupp house in Buenos Aires, worked tenaciously for an expensive weapons program. But his influence in government was declining as his friends moved away from the political scene. Carlos Pellegrini had died and another powerful friend, Julio Argentino Roca, had left the public service. To make matters worse, Estanislao Zeballos Tornquist took a bitter enemy, and this, as is known, exerted a great influence on the Argentine government until mid-1908 as foreign minister of the government of José Figueroa Alcorta. While Zeballos prompted a naval rearmament policy guidance antibrasileña, Tornquist, as opposed to buying new battleships would inevitably lead to a career suicide Brazil, spread the idea in Congress to limit the arms and come to a sort of tried to balancebrackets forces of Argentina, Brazil and Chile (2).
Following the declaration of war between Zeballos and Tornquist, Krupp was found in an extremely uncomfortable. Its operations in Argentina were heavily threatened by the vehement opposition of his agent Tornquist Foreign Minister Zeballos, who also had the support of the war and interior ministers. Zeballos began to exert a powerful pressure against the enemy by the end of 1907. In 1908, then-seriously ill Tornquist, who died in June of that year, reacted by opposing factions supporting the government during the electoral campaign of the members of Congress, and signed a public manifesto in which protesting the temporary closure of Congress decreed by the president. Zeballos in turn increased the pressure. Following these incidents, after consultation with the Secretary of State for Foreign Affairs, German Krupp von Bohlen-Halbach cut his firm's links with the local agent Tornquist. Puzzled, the latter persisted in the idea of removing Zeballos office in the government-which in fact occurred in the month of June through a media campaign launched with an article in The Nation in March 1908 (3 .)
Tornquist was a close friend of President Roca, and provided financial support for his Desert Campaign, taking charge of buying fabricsfor uniforms for the troops.
Picturesque mountains Patriotic loan bonds that financed the military campaign wereredeemable for land "clean Indians, why Tornquist agreed to fiftysquare leagues in those old mountains that have a hole in a window, a strange feature made to be baptized in the chain as Sierra de la Ventana.
Ernesto Tornquist. He was in charge of war provisions and negotiates, He carries the Indian slave prisoners slaves to his harvest fileds in tucuman . The ranqueles were free labor for years as a result of the campaign in La Pampa and he took care of that deal. Most finance ministers were related with Tornquist companies.
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