O’Brien’s GPA experience should serve him well

O’Brien’s GPA experience should serve him well
O’Brien being interviewed on CNBC after the Digicel flotation was cancelled

Denis O’Brien, as a former personal assistant to the late Tony Ryan, will be well aware of how the failed IPO of GPA in 1992 affected his mentor

Tony Ryan was the mentor, Denis O’Brien his protégé. That relationship had its ups and downs after O’Brien gave up his role as Ryan’s personal assistant to strike out on his own, but O’Brien was close to Ryan before the latter’s premature death in 2007 and has championed his memory since. This closeness is a fact that may be as relevant as the oft offered comparisons last week between the aborted stock market flotation in 1992 by Ryan’s aircraft leasing company GPA and the similar decision announced last Tuesday evening by O’Brien’s Digicel.

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