Dollars and Jens
Monday, November 17, 2003
 
Media tycoon Conrad Black resigns
Media tycoon Conrad Black resigns:
The move follows an internal inquiry which found that Lord Black and other executives had received more than $32m (£19m) in unauthorised payments.

Described as "non-competition" payments, they were paid by buyers of Hollinger International newspapers to prevent the firm from launching new rival titles.

Hollinger shareholders have argued that the payments should have benefited the company rather than its directors.
Obviously.

- posted by Steven @ 4:09 PM

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