The story of one man's fight to save his company
John Field placed the phone back quietly on its receiver. He wasn't entirely sure that the conversation should have ended just yet, but the ominous voice on the other end of the line had long since trailed off. John leaned back into his leather chair with his mind in turmoil, struggling to come to terms with the single phrase reverberating in his head: The Scorpions are coming!"
A vengeful rumour of the imminent collapse of FedBond, John's R1,6 billion partbond company, reaches the offices of the Financial Services Board (FSB), the financial industry regulator, who decide to intervene. John is astonished to hear that the FSB wants FedBond to be placed under curatorship, a much-maligned remedy that has killed more companies than it has cured. From Masterbond to Fidentia, the misuse of the curatorship provisions has cost investors billions. Until the curatorship issue is settled, the FSB prohibits FedBond from accepting any new funds from the general public, which has the effect of placing the company and its investors in a stranglehold. Struggling to keep his company afloat, John also has to contend with the allegations of dishonesty, mismanagement and unlawful conduct levelled against him in the press.
This is the story of John Field's four-year battle with the financial industry watchdog to retain control of his company and protect his investors' money. After endless court hearings, two judgements in his favour and an abandoned Supreme Court appeal, John is finally vindicated, but at what cost?
In a confrontation of David-and-Goliath proportions, A Tiger by the Tail describes the consequences of one man's decision to question the legitimacy of institutional power.
Soft cover
Excellent condition

Condition: Good