Tim Gurner is a tale stitched into the fabric of the Australian dream. The lump sum inheritance, or the familial guarantor. The financial backstop that’s always there in every story, though never in the headline. They are the foundational facts that are glazed over in the origin stories of Australia’s over-levered property wunderkinds.

The mindset of a brainless brat claiming “victimhood” and now being on “struggle street”. He should reveal his pay and bottom line over the past two decades rather than wail a dirge of mourning to his short-term loss of those recent Cha-Ching years. Gurner has no regard for the reality of the past 10 years where the data shows what he’s claiming is absolute bullshit.

Any financial downturn now in the building industry has been sudden and recent due to the rise in interest rates and the promises he made to secure his loans when rates were so low and for a very long time. If he’s financially squeezed now and over-leveraged and unprepared for it in the current market, it’s due to his own mismanagement. He can’t expect his workers to pay for for his fuck up. After all he didn’t share his profits with them during the boom times. But it sounds as if the little prick is promoting the expectations of Capitalism not to be made public and has made headlines globally. If he’s lucky he’ll be showered with money from a world of grandfathers and told to zip his lip.

Had he structured his business more cooperatively, sharing his profits with workers rather than railing against them he might have avoided the situation he finds himself in now. Seems his grandfather is dead and his family thinks he is an idiot and should have stayed mum. Hadn’t he heard of “phoenixing” a well-practiced builders’ strategy when financially in trouble.

“We need to see pain in the economy. We need to remind people that they work for the employer, not the other way around. There’s been a systematic change where employees feel the employer is extremely lucky to have them, as opposed to the other way around. It’s a dynamic that has to change.”

Source: Tim Gurner says employees have become too arrogant