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'''John David "Jodee" Rich''' (born 1960) is an [[Australian]] businessman, the [[CEO]] and founder of [[social analytics]] and [[Social influence|influence]] measurement provider [[PeopleBrowsr]] and the creator of new TLDs dotCEO, dotBest and dotKred.
'''John David "Jodee" Rich''' (born 1960) is an [[Australian]] entrepreneur. He was a director of [[Imagineering Australia|Imagineering]] when the share price plummeted from $8 to 10 cents<ref name="Adler settles in One.Tel bonus case">[http://www.smh.com.au/news/business/adler-settles-in-onetel-bonus-case/2007/10/26/1192941336767.html Adler settles in One.Tel bonus case] Elisabeth Sexton, 27 October 2007, The Sydney Morning Herald</ref> and in 2000 famously took a $6.9 million bonus as joint managing director of [[One.Tel]] when the company recorded an annual loss of $291 million after tax. <ref>[http://www.smh.com.au/news/business/adler-settles-in-onetel-bonus-case/2007/10/26/1192941336767.html Adler settles in One.Tel bonus case] Elisabeth Sexton, 27 October 2007, The Sydney Morning Herald</ref> He is now the [[CEO]] and founder of [[social analytics]] and [[Social influence|influence]] measurement provider [[PeopleBrowsr]]. As [[Business Spectator]] says, "It’s a far cry from the enormous, but ultimately failed business Rich and fellow entrepreneurs [[James Packer]] and [[Lachlan Murdoch]] built at OneTel – the company burnt through almost $1 billion of investor money before it collapsed in 2001."<ref>[http://www.businessspectator.com.au/article/2012/5/25/media-and-digital/third-time-lucky-jodee-rich Third time lucky for Jodie Rich?] Retrieved 9 February2014. </ref> PeopleBrowsr is now notable for a dispute it had with Twitter over a proposed shutdown of PeopleBrowsr's access to the Twitter "Firehose" data.<ref>Grubb, Benn (5 September 2013). "Twitter CEO accused of 'playing God' in stoush with Australian start-up ManageFlitter". The Sydney Morning Herald (Sydney).</ref>


==Family==
==Family==
Rich is the son of a German Jewish family, "Richheimer", who [[Anglicisation|anglicised]] their name to "Rich."<ref>[http://archiver.rootsweb.ancestry.com/th/read/WORLD-OBITS/2006-06/1149422879 Roots web]</ref> In 1963, Jodee Rich's father, Steven Rich, settled in Australia to manage Hunter Douglas, a venetian blind manufacturer.<ref>[http://archiver.rootsweb.ancestry.com/th/read/WORLD-OBITS/2006-06/1149422879 Roots web]</ref> Steven went on to create the Traveland travel agency, was the deputy chairman of the [[Salvation Army]] in 1971 and was awarded an [[Order of Australia]] in 2001.<ref>[http://archiver.rootsweb.ancestry.com/th/read/WORLD-OBITS/2006-06/1149422879 Roots web]</ref> He subsequently created Focus Publishing.<ref>[http://sydney.edu.au/senate/historyCentenaryBook.shtml University of Sydney]</ref>
After travelling from Germany to New York, via London<ref>[http://archiver.rootsweb.ancestry.com/th/read/WORLD-OBITS/2006-06/1149422879 Roots web]</ref>, in 1963, Jodee Rich's father, Steven Rich, settled in Australia to manage Hunter Douglas, a venetian blind manufacturer.<ref>[http://archiver.rootsweb.ancestry.com/th/read/WORLD-OBITS/2006-06/1149422879 Roots web]</ref> Steven went on to create the Traveland travel agency, was the deputy chairman of the [[Salvation Army]] in 1971 and was awarded an [[Order of Australia]] in 2001.<ref>[http://archiver.rootsweb.ancestry.com/th/read/WORLD-OBITS/2006-06/1149422879 Roots web]</ref> He subsequently created Focus Publishing.<ref>[http://sydney.edu.au/senate/historyCentenaryBook.shtml University of Sydney]</ref>


==Education==
==Education==

Revision as of 22:53, 11 February 2014

Jodee Rich
Born (1960-02-01) 1 February 1960 (age 65)
New York
Occupation(s)Founder and CEO, PeopleBrowsr

John David "Jodee" Rich (born 1960) is an Australian businessman, the CEO and founder of social analytics and influence measurement provider PeopleBrowsr and the creator of new TLDs dotCEO, dotBest and dotKred.

Family

After travelling from Germany to New York, via London[1], in 1963, Jodee Rich's father, Steven Rich, settled in Australia to manage Hunter Douglas, a venetian blind manufacturer.[2] Steven went on to create the Traveland travel agency, was the deputy chairman of the Salvation Army in 1971 and was awarded an Order of Australia in 2001.[3] He subsequently created Focus Publishing.[4]

Education

Jodee Rich wrote his first software program on punch cards in 1972 at the age of 12.[citation needed] He was educated at Cranbrook School in Bellevue Hill, Sydney. During his Cranbrook days Rich started a business renting fish tanks.[5] At Cranbrook he met many of the people who would become directors of One.Tel including the now convicted criminal Rodney Adler.[6][7] In 1980 Rich developed a commodity analysis system on 64k Apple II, which he later sold to investment banks.[citation needed] He studied Accounting, Economics and Computer Science at University of Sydney, earning a BEc in 1981.[citation needed]

Marriage

Rich married in 1987. His wife, Maxine, is a corporate lawyer and has sat on the board of a public company, Neverfail Springwater, and has served as a member of the Takeovers Panel, a government body involved in the resolution of sharemarket disputes. The Sydney Morning Herald has commented that Mrs Rich has "so far quarantined her career from her husband's disgrace".[8]

Corporate achievements

In 1981, Rich launched Imagineering Australia and the company was floated in 1987.  Shares in Imagineering peaked at $8[9] but the company sold to a Hong Kong group for 10c a share in 1990.

Rich formed One.Tel, a service provider of GSM mobile and long distance calls, in Australia in 1995 (with James Packer as a shareholder) competing against Telstra and Optus.[10] The company acquired a GSM operation for $500 million in 2000. One.Tel Australia was placed in administration in May 2001. One.Tel UK was sold to British Gas for $200 million and is still tradiing.[11]

Beginning in December 2001, Rich was the defendant in legal proceedings brought by the Australian Securities and Investment Commission (ASIC).[12] During the case, known as ASIC v Rich, Rich was in the witness box for over 33 days.[13] Justice Austin later said in his judgment Rich "demonstrated that he was a very well prepared witness, knowledgeable about the subject matter of his evidence, who responded to questions thoughtfully and clearly, sometimes even perceptively. This was notwithstanding the arduous circumstances of his cross examination, extending over 25 days".[14] His father died two weeks before Rich gave evidence in the case.[15] Rich was exonerated on 18 November 2009 when Justice Robert Austin ruled that ASIC had "failed to prove any aspect of its pleaded case."[16]

Public reaction

The Chaser

The ABC television programme The Chaser sent up the entrepreneur when it published his imaginary obituary: "Obituary: Jodee Rich, Failed company director (twice)."[17]

Rich Kids

Paul Barry wrote Rich Kids: How the Murdochs and Packers Lost $950 Million in One.Tel. Google Books describes the book as "a tale of chaos, incompetence, greed and deceit; of an era when huge fortunes were made in the crazy dot-com boom; and of James Packer's and Lachlan Murdoch's business brilliance - or lack of it. Above all, Rich Kids is the story of One.Man. Jodee Rich dragged millions of dollars from the wreckage of his first corporate disaster in the 1980s, then seduced Australia's two most powerful families to back him in One.Tel and did it all over again."[18]

PeopleBrowsr and Kred

In 2007, Rich founded PeopleBrowsr.[19] In 2011, PeopleBrowsr launched Kred Influence Measurement.[20]

dotCEO

On 27 March 2013, Rich launched the TLD dotCEO. It is marketed at companies that target CEOs.[21]

See also

References

  1. ^ Roots web
  2. ^ Roots web
  3. ^ Roots web
  4. ^ University of Sydney
  5. ^ Chenoweth 2006: 257
  6. ^ <http://www.thepowerindex.com.au/power-kids/one.tel-judgment-a-win-for-the-rich-kids/20110512153>
  7. ^ List of Old Boys of Cranbrook School, Sydney
  8. ^ To have and to hold Retrieved 19 February 2014.
  9. ^ <http://www.smh.com.au/articles/2002/08/16/1029114007430.html>
  10. ^ <http://www.smh.com.au/articles/2002/04/05/1017206265393.html>
  11. ^ <http://www.onetel.co.uk/>
  12. ^ Cite error: The named reference Adler settles in One.Tel bonus case was invoked but never defined (see the help page).
  13. ^ <http://www.youtube.com/watch?v=71-Tylfmrt0>
  14. ^ Jodee Rich’s Uphill pedal ends Sussanah Moran, 19 November 2009, The Australian
  15. ^ <http://www.abc.net.au/sundayprofile/stories/2762328.htm>
  16. ^ Australian Securities and Investment Commission judgement 18 November 2009
  17. ^ The Chaser Retrieved 9 February 2014.
  18. ^ a Google Books Retrieved 9 February 2014.
  19. ^ Peoplebrowsr Summary Deck Jodee Rich, June 2010
  20. ^ Schonfeld, Erick. "You Might Have Klout, But What's Your Kred?". TechCrunch. Retrieved 20 October 2011.
  21. ^ dotWhatever Retrieved 10 February 2014.
Notes

Chenoweth, Neil (2006). Packer's Lunch. Allen & Unwin. ISBN 978-1-74114-546-5.

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