Packer appears convinced that Costello played some role in the publication of the award-winning series of reports dubbed Crown Unmasked. This week’s leaks to The Australian newspaper focused squarely on Costello and managing director of publishing at Nine, James Chessell. When asked why communications were forwarded to this group, Packer replied: “Because I want it all on the record… and I trust those people”. There’s also Barrenjoey investment banker Matthew Grounds and Hollywood film director Brett Ratner in the mix. Media figures at Nine Entertainment are often cc’d on these missives, including columnist Peter FitzSimons, Today show host Karl Stefanovic and Financial Review Rear Window columnist Joe Aston. The trial of former Israeli prime minister Benjamin Netanyahu. Subjects of the emails focus on whatever is on Packer’s mind. “You could ignore them, there would be a pause for a few hours, then more would come.” “You’d come back to your phone and there’d be dozens of emails,” the person said. One former adviser told the Financial Review that communications would often come in bursts. The group Packer trustsĪssociates past and present say the current spurts of email activity are nothing new. Now, Packer appears to be pushing back against the media executives and business figures who he appears to believe have wronged him, particularly those linked to his exit from Crown. The businessman has been public about his struggles with bipolar disorder, including during a recent government inquiry that showed a glimpse of his penchant for sending abusive emails to those around him. Rather, it was what the emails suggested about how Packer intends to do business in an “act three” of Australian public life when he arrives back in the country in March next year. Nine is the publisher of The Australian Financial Review.īut perhaps most revealing about the episode was not so much the accusations contained in the emails. The emails accused former Federal Treasurer and Chairman of Nine Entertainment Peter Costello of being a “secret lobbyist” for Crown in 2011 and included personal attacks on a Nine media executive. Packer made the headlines this week when a slice of his private correspondence was leaked to the Australian media. Douglass recently departed Magellan Financial Group, the firm he co-founded, before popping up in Packer’s inner circle. Jalland is a former Crown boss while Nadler is a Canadian AI-tech entrepreneur. Readers of the country’s business pages may have learned by now about Packer’s new committee – the group he’s tapped to deploy the $3.3 billion windfall from this year’s sale of Australian casino group Crown to US private equity Blackstone. “Hopefully, that discipline will help me make less mistakes going forward.” “All decisions need to be unanimous for an investment to proceed,” he said. “CPH has an investment committee these days with Guy Jalland, Hamish Douglas and Daniel Nadler being members alongside me,” Packer wrote in one of several emails to The Australian Financial Review. James Packer has asked longstanding friend Hamish Douglass to be on his investment committee. The vessel was moored off the picturesque Italian island of Sardinia, soon to make the overnight trip to Spain. Billionaire James Packer was sitting on his yacht this week in the Mediterranean sun, setting out how he intends to get back to Australia and start on his next business venture.
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