Whole Network Most Recent TOP10 Accounting Compliance Ethics SOX

 

Conrad Black shows his frugal side

Filed in archive corporate crime by leon on December 30, 2006

Conrad Black shows his frugal side
In his latest filing, disgraced former media mogul Conrad Black has expressed concern about the way the receivers at Ravelston, which has a controlling stake in Hollinger International, and Hollinger's managers are spending money, according to news reports.

Black is purportedly worried about how much they're forking out on legal fees and administration. He claims they have squandered $250 million over the past three years on professional fees, and alleges the firms have devoted their time to "examining the past to see if there are litigation 'assets' that can be pursued."

"The assets owned by the Black group and built up by them over many years are being wasted in a groundless attack against him that he is mostly paying for," the filing said.

Hey, maybe Black is trying to tell us he has a frugal side. This, from a man who allegedly turned his media company into a kleptocracy.

Remember, this is the same guy who threw a dinner for his wife, Barbara Amiel, at La Grenouille in New York for $42,870 and refurbished his Rolls Royce for $90,000. Small change really.

Black has also filed a claim seeking nearly $20.6 million plus interest relating to money paid by him to Sun-Times Media Group.

But then, Black and legal team need the money. They're sparing no expense in the lead up to his fraud trial in Chicago in March.

Now they are considering hiring jury consultants, who can charge $300 an hour and who will try their best to make him come across as a regular sort of guy, reports the Toronto Star.

So does this mean the Saville Row suits will be replaced by Asheslinks and sack cloth? Watch this space.

For more of an insight into Black, check out this trailer for the movie about his fall from grace, Shades of Black: The Conrad Black Story which aired this month:







Permalink: Conrad Black shows his frugal side
Tags: Conrad  Black  trial  Hollinger  black  conrad  conrad+black  frugal+side  shows+frugal 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/47491



Advertisement


Advertisement


RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter

Use our search feature to look for other interesting posts

Just this blog Whole network


 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give Luis a call at +1 (650) 331 8047.


  • Other blogs in the same channel in the Creative Weblogging Network







 
Tagcloud: Accounting boards of directors Compliance corporate crime corporate governance corporate reputation Ethics events executive pay litigation markets regulators risk shareholder activism SOX Sponsored Blog strategy