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Joe Aston

Bain installs Hrdlicka at Virgin, having promised not to

Is it any wonder people hate private equity?

Joe AstonColumnist
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Back in June, one commentator described Virgin Australia’s sale to Bain Capital as “an apparent masterclass in insolvency administration”.

It is now apparent that Bain Capital chief executive Mike Murphy has delivered a masterclass in misdirection.

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Joe Aston is the founder of Rampart and the best-selling author of The Chairman’s Lounge: The inside story of how Qantas sold us out. From 2012 to 2023, Joe helmed The Australian Financial Review’s Rear Window column. Email Joe at hello@rampart.news
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    Original URL: https://www.afr.com/rear-window/bain-installs-hrdlicka-at-virgin-having-promised-not-to-20201015-p565js