David Coe (businessman)

David Coe (c.1954 – 21 January 2013) was an Australian businessman and founder of Allco Finance Group in 1979.[1]

Coe was known for his bidding attempts for successful business companies. He unsuccessfully bid for Qantas Airline for a sum of $11.1 billion[2] in 2006 and in 2007, he oversaw the purchase of Rubicon Property Group by Allco for $263 million.[3] He and Gordon Fell were directors of Allco and had interests in Rubicon.

Coe stepped down as chairman in early 2008 as Allco was in debts of more than $1 billion, and many of the business' employees fled.

He died on 21 January 2013 of a suspected heart attack while skiing in Aspen, CO, United States and is survived by his wife Michelle, also three children.[4]

Personal life

Coe first worked at Mallesons Stephen Jaques during the 1970s. He also gave away nearly $1 million to American and Australian hospitals every year. Coe served on the board of the hospital's charity foundation from 1997 to 2009.[5][6]

References

  1. ↑ "Colourful corporate figure died as he lived, in search of excitement". The Sydney Morning Herald. Retrieved 24 January 2013.
  2. ↑ "Colourful corporate figure died as he lived, in search of excitement". The Sydney Morning Herald. Retrieved 24 January 2013.
  3. ↑ "Power Shots - Rubicon felled - power = big brain; the week that was". Crikey.com.au. Retrieved 25 January 2013.
  4. ↑ "Colourful corporate figure died as he lived, in search of excitement". The Sydney Morning Herald. Retrieved 25 January 2013.
  5. ↑ "David Coe: Live life the way you want to be remembered". LeadingCompany. Retrieved 24 January 2013.
  6. ↑ "Tributes flow for financial pioneer David Coe". The Australian. Retrieved 24 January 2013.