Conrad Black to resign as Hollinger CEO

[burythehatchet]

http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/1069075150465_5/?hub=World

Conrad Black is retiring as chief executive officer of Hollinger International Inc. following a special investigation that found $32 million US in unauthorized payments to Black and other executives.

Hollinger's assets include the London Daily Telegraph, Chicago Sun-Times and Jerusalem Post.

Is this not the company that Lord Darth Pearle is pimping for?

[MissMarple]

1. Conrad Black is apparently a dedicated Zionist.

Among others he owns The Jerusalem Post an promotes pro-Israeli issues. He must love Sharon.

[Classical_Liberal]

2. Richard Perle is geating dragged down too!

There is a God!

Hollinger examines Perle investments
Newspaper publisher probes corporate-governance practices
By Stephanie Kirchgaessner
FINANCIAL TIMES
Nov. 17 — Hollinger International is examining investments that were made by Richard Perle, a director on the publisher’s board and prominent defense advisor, on behalf of the company.

THE INVESTIGATION IS part of a wider internal probe at the publisher of the Daily Telegraph and Chicago Sun-Times into some of the company’s corporate governance practices, including the payment of nearly $300 million in management fees to Conrad Black, chief executive and chairman, and his deputies.
Hollinger CEO Black to retire

That probe, which is being lead by former Securities and Exchange Commission chairman Richard Breeden, is wide-ranging and involves close scrutiny of so-called “related-party transactions,” or deals in which members of Hollinger’s board or executives personally benefited from deals the publisher agreed with other companies.......

http://www.msnbc.com/news/994612.asp?0sl=-23



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One transaction that caught the attention of some Hollinger investors was a $2.5 million investment earlier this year in Trireme Partners, a venture-capital company in which Mr. Perle, an independent director, is a managing partner.
Mr. Perle has also played a prominent role in the late 1990’s and early 2000 in directing investments in other companies through Hollinger Digital, Hollinger’s investment arm.
Under review is a $14 million investment the company made under Mr. Perle’s direction through Hillman Capital, a venture-capital group controlled by Gerald Hillman — who has since become a partner at Trireme and is a member of the U.S. Defense Policy Board, as was Mr. Perle.