It was a classic bait and switch. Bain Capital used Paul Scurrah, a straight-talking Queenslander, to get its deal to buy Virgin across the line. He thought his job was safe until he was replaced Jayne Hrdlicka.
“Virgin has a great management team led by Paul Scurrah,” Bain Capital's Mike Murphy told the airline's 9000 staff on August 24.
“And I would like to again reaffirm we are backing Paul to successfully lead Virgin through the current turbulence and back into the skies."
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
