Hollinger executives 'took $400m'

[emad]

BBC News snip:

Media group Hollinger International has said senior executives, including former chief Conrad Black, took $400m (£223m; 330m euro) of its money.

Unveiling the findings of an internal investigation, Hollinger said the sum accounted for 95.2% of its adjusted net income between 1997 and 2003.

Lord Black quit as Hollinger chief in November after shareholders protested he had received unauthorised payments.

Hollinger later sued Lord Black and others over the affair.
More:
http://news.bbc.co.uk/1/hi/business/3614690.stm

[aquart]

1. The CEO Criminal Class.

I say, three strikes and we put them away for life.

[donkeyotay]

2. is this news?

"...Conrad Black, took $400m (£223m; 330m euro) of its money...the sum accounted for 95.2% of its adjusted net income between 1997 and 2003."

"Adjusted" income! Ho, ho! How tedious, Republican crime. Let's see, he stole money from the share holders and used Hollinger media to help smear people who opposed Bush's War. Nope, no news here.

[prolesunited]

3. Just a reminder that Hollinger

was the holding company for the Jerusalem Post and both Kissinger and Perle sit on the Board of Directors. I'm sure all of this is mere coincidence though.

[AngryAmish]

4. This is going to be bigger than Vesco

[Eloriel]

5. Well, that's their gameplan in a nutshell

Steal all the money -- either corporations and the small-guy stockholders who invest in them (either directly or thru pensions, 401Ks, etc.) and, when they can (that is, are in a position to do so), raid national treasuries.

It's working perfectly. So what if there's a little oopsie and one of them gets caught here and there? Doesn't slow the rest of 'em down for a minute.