maaf email atau password anda salah

The Night that Sank Soeryadjaya

Tuesday, August 27, 2002

A decade ago, William Soeryadjaya lost everything. One rainy night, a number of his fellow businessmen gave him a letter: a request that he sell his empire, the Astra International automobile factory, to save Bank Summa, then close to going under. He was cornered. Rejecting meant letting his son's "baby" drown, but accepting would be tantamount to willingly abandoning one's own child. That's why, perhaps, the letter was like a thunderclap. "As if blind and deaf, I just signed that letter," William said. When Astra sales could not save Summa, Wiliam knew a terrible force had arranged for his fall. He believed Summa's bankruptcy was only an interim target paving the way for the seizure of Astra from his hands. This untold story of the fall of a business dynasty in Indonesia was kept buried for a decade although a book on the history of Astra and William was published last June.

arsip tempo : 173225227926.

. tempo : 173225227926.

The night had put Jakarta to sleep when William Soeryadjaya opened the door for his guest. For the host, the guest was no stranger. However, a visit made past midnight, especially without notice, was not only surprising but also suggested a critical moment. He was right. The guest, businessman Sofyan Wanandi, gave him a letter: a request that William sell the shares of Astra International and hand over the helm of the company to a group of bu

...

Subscribe to continue reading.
We craft news with stories.

For the benefits of subscribing to Digital Tempo, See More

The Best Choice

Rp 54.945/Month

Active for 12 Months, Rp 659.340

  • *You Save -Rp 102.000
  • *Guaranteed update of up to 52 Editions of Tempo Magazine

Rp 64.380/Month

Active Every Month Cancel Anytime

  • *Free for the first month if using a Credit Card

See Other Packages

Already a Subscribed? Log in here
To receive daily news by Email, Sign up for Tempo ID.

More Articles

More exclusive contents

  • November 18, 2024

  • November 11, 2024

  • November 4, 2024

  • October 28, 2024

Independent journalism needs public support. By subscribing to Tempo, you will contribute to our ongoing efforts to produce accurate, in-depth and reliable information. We believe that you and everyone else can make all the right decisions if you receive correct and complete information. For this reason, since its establishment on March 6, 1971, Tempo has been and will always be committed to hard-hitting investigative journalism. For the public and the Republic.

Login Subscribe