Paul Barry’s book and the associated ABC documentary about James Packer focussed much attention on the casino /media tycoon’s failed investments running into billions of dollars. When his crusty grandfather , Frank , was running the Australian Consolidated Press empire, which included the Daily Telegraph, the Australian Women’s Weekly and, it is suggested, the Australian franchise for sweet smelling Californian Poppy hair oil for men, a close eye was kept on investments .
Indeed, when there was a dispute over a new award for metropolitan journalists , the Packer outfit dug in its heels. In a memorable TV interview, urbane David D. McNicoll ,editor- in -chief of the Daily Telegraph , also known as David D McBlue -Rinse because of the colour of his hair and bushy moustache , said the newspaper game was not overly profitable. Wise investments in other areas kept the company going . It seems punting on lavish casinos when a large part of the world is bankrupt, is not a wise investment .Wonder if James could recoup his losses by investing in hair oil and pig belly futures ?
Indeed, when there was a dispute over a new award for metropolitan journalists , the Packer outfit dug in its heels. In a memorable TV interview, urbane David D. McNicoll ,editor- in -chief of the Daily Telegraph , also known as David D McBlue -Rinse because of the colour of his hair and bushy moustache , said the newspaper game was not overly profitable. Wise investments in other areas kept the company going . It seems punting on lavish casinos when a large part of the world is bankrupt, is not a wise investment .Wonder if James could recoup his losses by investing in hair oil and pig belly futures ?
OILY ENDING : Cyclops added to the Packer fortune by anointing himself with Californian Poppy in his pimply youth. Vaseline oil hair tonic ( repeat hair tonic) was also used, along with the curse of every mother ,Spruso, which left dirty marks on collars when it melted and ran down the follicles. )
