1. Property rich, cash poor.
- Author
-
Norman, J.R.
- Subjects
LIQUIDITY (Economics) ,FINANCE ,STOCKS (Finance) ,INVESTMENTS ,CASH flow - Abstract
Probes the declining financial empire of Canada's secretive Reichmann family, whose net worth has slipped over the past three years to about $8.4 billion from $11 billion. List the family's vast holdings, including, the Toronto-based Olympia & York; The Reichmanns' attempt at acquiring liquidity; Details of family's struggling investments and cash flow problems; Questions the Reichmann's survival; Paul Reichmann's future plans; The effects of being property rich and cash poor.
- Published
- 1991