The Greed of Conrad Black ; .Tycoon Accused of Looting $400m From Telegraph Firm . He 'Used Business As Piggy Bank and Violated Every Rule' .Spent $42,000 On Dinner to Celebrate Wife's Birthday
Evening Standard - London › August 31, 2004
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Summary
DISGRACED media baron Conrad Black "looted" more than $400 million to fund his lavish lifestyle, a report claims today.
The former Daily Telegraph publisher and his top officials "violated" every rule of corporate responsibility, using Hollinger International like "a piggy bank".See the full content of this document
Extract
The Greed of Conrad Black ; .Tycoon Accused of Looting $400m From Telegraph Firm . He 'Used Business As Piggy Bank and Violated Every Rule' .Spent $42,000 On Dinner to Celebrate Wife's Birthday
The report, filed in a Chicago court today, details alleged abuses by Black over a seven-year period when he was chief executive.
It says the money was used for items ranging from a $2,463 (Pounds 1,300) handbag for Black's wife Barbara Amie...See the full content of this document
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