Going Against the Grain

It was Gunns that did it for me. That was the piece of corporate skulduggery that made me realise, once and for all, that investors cannot avoid responsibility for the behaviour of companies they own.

But first, some history. Gunns was a Tasmanian logging company that went bankrupt in 2012. In 2004 the company sued 17 individuals and three organisations in the Victorian Supreme Court. Gunns, which at the time was Australia’s largest export woodchipper, was seeking $6.3 million for “ongoing