The story of Conrad Black, as told in the media, is of a very intelligent and energetic manager that used his skills to benefit himself and his cronies, instead of the shareholders. They continually reorganized the maze of companies in their empire in order to increase their control and pay themselves huge non-compete fees. During the period he ran the Hollinger, he managed to get 95% of the profits to flow to himself and his buddies. Read more…

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