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Steel on Steel by Baines, Stephen

ISBN: 9780702253492 PUBLISHER: University of Queensland Press FORMAT: Hardback PAGES: 192 PUBLICATION DATE: 19.11.2014 DIMENSIONS: 25.3 x 18.7 x 2 centimetres

DESCRIPTION: Steel on Steel is the inside story of the privatisation of the freight arm of Queensland Rail, written by Stephen Baines, a senior executive involved intimately in the struggle for the railroad's future. An icon that touched every part of life in Queensland, QR was famously catapulted into the private sector in 2010 after more than 140 years of government ownership. The privatisation was the second biggest in Australian history, and the most difficult. It involved simultaneously a massive de-merger from the passenger business, and a $4.6 billion initial public offering (IPO). For eighteen months, this IPO was Australia's ultimate corporate soap opera. This book describes how this big idea was conceived and executed in the face of unprecedented outrage and opposition.

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