BizJournals Portfolio
Dec 11 2007 12:00am EDT

The Takeaway: Conrad Black's Sentencing

Canadian-born media mogul Conrad Black, the former chairman of Hollinger International, was sentenced to six and a half years in prison yesterday for using fraud to extract millions of dollars from his publicly-held company, and stealing the documents that proved it.

New York Post: Black, who was found guilty of illegally helping himself to $6.1 million, stands to earn 12 cents an hour "cleaning toilets or mopping floors" in the clink.

Chicago Tribune: Hoping to soften the judge, Black's attorney quoted The Merchant of Venice and The Shawshank Redemption and read letters of support from George Will, Elton John and some dude who once got a ride home with Black after a wedding. Seriously.

Chicago Sun-Times: Black's lawyers are hopeful that an appeal may keep him from going to prison at all. Also, Black never actually apologized for his actions.

New York Times: Black "was not above poking fun at himself" in the weeks before his sentencing. Unable to attend a book signing in Toronto, he participated with the aid of "a high-tech device called the LongPen, which allowed him to sign books remotely."

New Yorker: As for the book, a Richard Nixon biography, it's not getting great reviews. The New Yorker says it "merely provides an exculpatory gloss for seemingly every grimy facet of Nixon's career." ...


blog comments powered by Disqus
Real Business, Real Results

Did anyone at Microsoft ever watch the (gasp!) offensively funny show Family Guy?

Ex-Morgan Stanley exec Zoe Cruz is now heading her own hedge fund. Are Wall Street's leaders done?

Martha, Bernie and Skilling know that what you wear for court can go a long way in public perception.

spotlight on

Health Care

Bad to the Bone No More

Companies such as General Mills say they're stepping up efforts to change employees' bad behavior and promote healthier lifestyles. Read More