April 2022

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Title Fight: How the Yindjibarndi Battled and Defeated a Mining Giant

-Paul Cleary A David-and-Goliath story set in the ancient landscape of the Pilbara. In the space of just fifteen years, Andrew ‘Twiggy’ Forrest’s Fortescue Metals Group has become a global iron-ore giant worth $70 billion. But in its rush to develop, FMG has damaged and destroyed ancient Aboriginal heritage and brokered patently unfair agreements with the traditional owners of the land. When FMG has met resistance, it has used hard-nosed litigation in pursuit of favourable outcomes. This strategy came unstuck when FMG encountered several hundred Yindjibarndi people and their leader, Michael Woodley, who left school in Grade Six and was from then on immersed in his traditional culture. Woodley has led his community in an epic, thirteen-year battle against FMG, all on a shoestring budget. Clear-eyed and humane, Title Fight reveals the Wild West of iron-ore mining in the Pilbara. It tells the story of how a small group of Indigenous Australians fought tenaciously to defend their spiritual connection to Country. And, at a moment of national reckoning with our colonial and ancient past, with our relationship to the land, it asks some critical questions: Who does the land belong to? Who gets to choose what it’s used for? And whose side are we on?

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The Cult of We: WeWork, Adam Neumann, and the Great Startup Delusion

by Eliot Brown and Maureen Farrell This is the definitive story of the rise and fall of WeWork by the real-life journalists whose Wall Street Journal reporting rocked the company and exposed a financial system drunk on the elixir of Silicon Valley innovation. The plan was for WeWork to be worth $10 trillion, more than any other company in the world. It wasn’t just an office space provider. It was a tech company—an AI startup, even. Its WeGrow schools and WeLive residences would revolutionise education and housing. One day, mused founder Adam Neumann, a Middle East peace accord would be signed in a WeWork. The company might help colonise Mars. And Neumann would become the world’s first trillionaire. This was the vision of Neumann and his primary cheerleader, SoftBank’s Masayoshi Son. In hindsight, their ambition for the company, whose primary business was subletting desks in slickly designed offices, seems like madness. Why did so many intelligent people—from venture capitalists to Wall Street elite—fall for the hype? And how did WeWork go so wrong? In little more than a decade, Neumann transformed himself from a struggling baby clothes salesman into the charismatic, hard-partying CEO of a company worth $47 billion—on paper. With his long hair and feel-good mantras, the six-foot-five Israeli transplant looked the part of a messianic truth teller. Investors swooned, and billions poured in. Neumann dined with the CEOs of JPMorgan and Goldman Sachs, entertaining a parade of power brokers desperate to get a slice of what he was selling: the country’s most valuable startup, a once-in-a-lifetime opportunity and a generation-defining moment. Soon, however, WeWork was burning through cash faster than Neumann could bring it in. From his private jet, sometimes clouded with marijuana smoke, he scoured the globe for more capital. Then, as WeWork readied a Hail Mary IPO, it all fell apart. Nearly $40 […]