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Who desires to Be a Billionaire? is the tale of James Packer's determined conflict to win his father's love and appreciate. it is also a story of billion-dollar bets long gone disastrously fallacious. yet principally it is the portrait of a stricken dating among a dominant father and dutiful son. during this robust sequel to his no 1 bestseller, The upward thrust and upward push of Kerry Packer, Paul Barry indicates how James's father stored his grip at the empire whilst he lay on the subject of loss of life. And he unearths what drives his inheritor. As a toddler James was once derided by means of Kerry as too tender, too as regards to his mom, or just "a loser." in view that then he has struggled to make his father proud—in the single manner the Packers know—by getting cash. Having visible Kerry lose thousands of thousands within the world's casinos, James selected to guess billions of greenbacks on purchasing them as an alternative. Then got here the worldwide monetary trouble and he virtually misplaced the lot. As markets hit all-time low in early 2009, Australia's richest guy used to be $4 billion poorer and not on best of the heap. He used to be smoking back, placing on weight, and closing himself off from neighbors. Years previous, a long way smaller losses in a single. Tel had driven him to the threshold of a frightened breakdown and made him search salvation in Scientology. Can James live on this time? Will he get better? Or was once his father right?

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In the meantime, Seven had spent hundreds of thousands of greenbacks on new apparatus and was once having a look sharper and higher. Chisholm used to be annoyed by way of the mess the community used to be in. based on one senior government: ‘He inspiration 9 have been run down badly. ’ And he was once correct: Kerry hadn’t spent any funds at the station to improve capital apparatus, and James’s merely curiosity within the community was once in slicing expenditures. It was once more and more challenging for 9 to assert it used to be ‘Still the One’. Chisholm’s different challenge used to be he couldn’t fit the courses Seven was once deciding to buy from the U.S., the place its long term provider, Disney, had passed through a unexpected renaissance. This was once made dramatically visible at first of 2005 whilst Seven unveiled and promoted misplaced and determined Housewives throughout the Australian Tennis Open ultimate to an viewers of greater than four million humans. including Dancing with the celebrities, those courses crowned the scores via a distance within the first ten weeks of the yr, leaving 9 trailing of their wake. and in contrast to Seven, which had constructed its personal homegrown indicates resembling Border defense, The strength, clinical Emergency and RSPCA Animal Rescue, 9 had almost not anything new to aid it trap up. Nor used to be there any likelihood of Chisholm being given the cash had to flip this round. the easiest he might count on was once to carry the road opposed to additional cuts. whereas Kerry used to be alive and James was once held at bay, this used to be nonetheless attainable. even if the outdated guy used to be getting sicker and sicker, he used to be nonetheless calling the pictures. The per 30 days television administration conferences in Park highway have been ‘his meetings’, in line with a standard. ‘Kerry stated an analogous issues whenever. It used to be approximately content material, information and present affairs, the aggressive place of the company in comparison to Seven and Ten, and the way to stick no 1. ’ James and John Alexander, who additionally attended the conferences, have been recognized to have a considerably various view, yet by no means had the nerve to take on the large Fella. ‘They have been consistently trying to reduce one other fifty million money or sixty million money out of the enterprise and asserting it used to be earnings that mattered, yet they by no means driven this to Kerry,’ says one former PBL govt. ‘I used to be astounded on the loss of braveness proven through James and JA in those conferences. They spent a whole lot of time their sneakers. ’ whereas the Mexican stand-off lasted, Chisholm used to be capable of run 9 pretty well as he observed healthy. yet his days have been numbered, no longer least simply because he controlled to alienate on the subject of all people who labored for him. ‘He used to be exceedingly disagreeable to be round and he inspiration we have been all stupid,’ says one former senior 9 govt, whose perspectives are echoed by way of a minimum of part a dozen others. ‘He used to be an absolute fucking monster,’ says one other of his such a lot senior colleagues. ‘I’ve handled a couple of humans yet I’ve by no means encountered somebody like that during my complete existence. Excuse my language, yet he used to be an absolute cunt. His skill to harm humans and destabilise humans was once tremendous. ’ one in all Chisholm’s maximum supporters is of the same opinion. ‘I don’t imagine you could deny he behaved like a monster.

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