Dunlap returned to London after his 11-month blitz turnaround at ANI, but Packer soon invited him back to Australia Holdings (CPH), a conglomerate consisting of Packer’ s main company, businesses. Dunlap’s turnaround at CPH ( see Exhibit 3 ) took a little less than two years; CPH went from losing $25 million to making a profit of $623 million
While Dunlep was in the process of turning CPH around, the Australian press began to refer to him as “Chainsaw AI,” picking up on a characterization of Dunlap by a well known British personality, John Aspinall, who said, “Al is like a chainsaw. He goes in and cuts away all the fat and leaves a