Difference between revisions of "Hollinger International"
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==Conrad Black Controversy== | ==Conrad Black Controversy== | ||
| − | According to a Report by the Hollinger board the company was "systematically manipulated and used by its controlling shareholders for their sole benefit". Key shareholders [[Conrad Black]] and [[David Radler]] transferred to themselves and their affiliates more than $400 million in a seven year period<ref>Report of Investigation,[http://www.sec.gov/Archives/edgar/data/868512/000095012304010413/y01437exv99w2.htm Special Committee of the board of directors | + | According to a Report by the Hollinger board the company was "systematically manipulated and used by its controlling shareholders for their sole benefit". Key shareholders [[Conrad Black]] and [[David Radler]] transferred to themselves and their affiliates more than $400 million in a seven year period<ref>Report of Investigation,[http://www.sec.gov/Archives/edgar/data/868512/000095012304010413/y01437exv99w2.htm Special Committee of the board of directors], ''Hollinger International'', 30-August-2004, Accessed 09-May-2009</ref>. Black was given a six and a half year sentence for fraud and obstruction of justice for his part in the affair<ref>Andrew Clark, [http://www.guardian.co.uk/business/2008/mar/03/conradblack.ukcrime Conrad Black Jailed], ''The Guardian'', 3-March-2008, Accessed 09-May-2009</ref>. |
Revision as of 01:30, 8 May 2009
Hollinger International was a publishing company who owned The Telegraph, The Chicago Sun-Times and The Jerusalem Post[1].
Conrad Black Controversy
According to a Report by the Hollinger board the company was "systematically manipulated and used by its controlling shareholders for their sole benefit". Key shareholders Conrad Black and David Radler transferred to themselves and their affiliates more than $400 million in a seven year period[2]. Black was given a six and a half year sentence for fraud and obstruction of justice for his part in the affair[3].
Notes
- ↑ Abigail Rayner, Hollinger International to hit Lord Black with fresh legal claims, The Times, 04-May-2004, Accessed 08-May-2009
- ↑ Report of Investigation,Special Committee of the board of directors, Hollinger International, 30-August-2004, Accessed 09-May-2009
- ↑ Andrew Clark, Conrad Black Jailed, The Guardian, 3-March-2008, Accessed 09-May-2009
