Hollinger Files Stinging Report on Ex-OfficialsBy GERALDINE FABRIKANT
Published: September 1, 2004
n a 513-page report shot through with sarcasm and disgust, a special committee of the publishing company Hollinger International Inc. concluded that the former officials Conrad M. Black and F. David Radler ran a "corporate kleptocracy," diverting to themselves virtually all the company's $400 million in earnings over seven years.
The report, which was filed as part of Hollinger's effort to recover $1.25 billion from Lord Black and others, also criticized certain directors as being "ineffective and careless" in stopping the "systematic looting" of the company. And
it reserved some of its harshest criticism for Richard N. Perle, the former Reagan administration official and current board member, calling on him to return $5.4 million in pay after "putting his own interests above those of Hollinger's shareholders."
Sometimes it's really hard to decide who the BIGGEST crook is.