SEC suit slams Black for abusing power at Hollinger
Article Abstract:
The US' Securities and Exchange Commission (SEC) has filed a civil fraud suit in US federal court in Chicago against Conrad Black and his associate David Radler of Hollinger International Inc. The SEC, which has accused the two men of masterminding a fraudulent and deceptive scheme to divert more than $85-million in 'non-compete' payments to themselves and other top executives, is seeking to strip them of their voting power and ban them from running any public companies.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2004
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Analysis raises questions about his income, expenses
Article Abstract:
Directors of Hollinger International Inc. are planning to cut off the annual salary that Lord Black, Hollinger International's embattled chairman used to receive from the Telegraph Group Ltd. He is also faced with increasing personal bills and several queries are being raised about his income and expenditure structure.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
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