Remarkable developments in the Conrad Black saga late this evening --
Today, the Globe and Mail and the Post had front page stories -- front page !! --
about a judge basically ordering Black out of the kitchen while a special
independent committee ofHollinger International Inc. directors looked over
the books. Hollinger International Inc., everyone will remember, owns the
Daily Telegraph, the Sun-Times, the Jerusalem Post and other newspapers. The controlling shareholder of Hollinger International Inc., which is based in
Chicago, is Hollinger Inc. of Toronto. Black is the controlling shareholder
of Hollinger Inc. So, in essence, Black holds all the marbles when it comes
to Hollinger International Inc.
And yet, late this evening, Hollinger International's executive committee fired (!!!) Blackas its non-executive chairman.
Moreoever, Black is being sued by his own company (!!!) which alleges that Black and David Radler (and companies they control, including Hollinger Inc.) "diverted and usurped" more than $200-million in Hollinger International assets.
The stories are hitting the wires now.
This scandal could swamp Martha Stewart.
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Who pays for this blog? I receive no fees, considerations, etc. etc. for the posts on this blog nor do I have any plans to accept any. My salary is paid by Canwest Global Communications Corp. I work for that company as the Ottawa-based National Affairs Correspondent for Canwest News Service. The blog publishing platform used here is called Blogware and it's developed by Tucows Inc. of Toronto, Ontario, Canada. My use of Blogware should not be taken as an endorsement of that company. Like all Blogware users, I do not pay any fees for the use of this service. I participate in program. Google pays me some money and, for that, I give Google some space on this site to display ads. Google sells those ads and Google, not me, decides what advertising content you are seeing. I do not filter these ads and take no responsibility for them. Readers should not assume I endorse any of the products or services advertised here. If you think other disclosures are appropriate in this space, I'd like to hear from you. All of my contact details are always at www.davidakin.com You can read more about this section |
Absolutely remarkable!! -- Hollinger International fires Black and sues him!
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