Conrad Black

[Esco!]

Former media mogul Conrad Black was due to make a court appearance in Chicago on Tuesday amid speculation he might not attend.

The founder of the National Post, and member of the peerage in Great Britain, is facing several charges of fraud in the United States, all of which he has denied through his legal representatives. American officials say Black swindled Hollinger International and its shareholders of millions of dollars

http://www.cbc.ca/toronto/story/to_black20051122.html

So would you attend if you're 61 years old and looking at a possible 20 year prison sentence???
I dunno if I would, I'd take a lot of cash and head for a tropical country that has no extradition treaty.

 

[lickrolaine]

This guy is a peice of work,why would he show any decency now.He has only taken,and taken lots.Oh well there are lots of him around,they will have their day,as so will we.Lordy lordy lord.What a legacy he has left behind,and to the corporate world he is a hero.Can you say Dominion,and pensions,he stole a lot of peoples dreams,,,,,,,,,,,

 

[shakenbake]

Fark Conrad Black!

He has the nerve to renounce canadian Citizenship and wear The Order of canada lapel pin in a photo in last day's Post. That and tha fact that he swindled big time, according to the prosecutors.

 

[Corey]

Oh the humanity!!!

Not!

 

[Weekly]

I estimate up to 50% of public companies operate like Hollinger.

 

[superquad1968]

I think that Conrad Black is a particularly despicable person who always thought himself above everyone else.

I thought he was stripped of his OoC but if he wasn't then should be.

And no, I don't think half of the companies in Canada operate like Hollinger. That company was set up to make the type of transactions alleged more difficult to trace.

Prick should face the rest of his life in prison.

 

[Corey]

I estimate up to 50% of public companies operate like Hollinger.

Most publicly traded companies and income trusts in Canada use accounting trickery to make their books look better.

 

[shakenbake]

Most publicly traded companies and income trusts in Canada use accounting trickery to make their books look better.

Oh, I see that you haven't heard of Sarbanes-Oxley. You better get to know these two gents, as they have really been cleaning up the company books, big and small.

On another note, I wonder why you are so cynical of these companies, most of which are audited by independent accounting organisations who are legally obligated to protect the public interest from scoundrels like Black. How do you think he got caught?

 

[superquad1968]

Most publicly traded companies and income trusts in Canada use accounting trickery to make their books look better.

Proof?

 

[Corey]

Oh, I see that you haven't heard of Sarbanes-Oxley. You better get to know these two gents, as they have really been cleaning up the company books, big and small.

On another note, I wonder why you are so cynical of these companies, most of which are audited by independent accounting organisations who are legally obligated to protect the public interest from scoundrels like Black. How do you think he got caught?

Yes, I have heard of SOX but you can still play with your numbers to make your company look better.

Accounting firms basically do two types of audits: attest and forensic. Attest assumes the company is being honest and doing everything in good faith. Forensic assumes there's something fishy here.

It was not an accounting firm that got Black into trouble but an investment firm called Tweedy Browne.

Whoever audited Hollinger saw nothing wrong with the non-competes.

Here in Canada, did you know a company can move its pension assets around to boost its net income?

My frame of reference is a forensic accountant named Al Rosen. He's been yelling holy murder for years. He even predicted Nortel's fall two years before it happened.

He's often in the media. Last week, he was on Linda Leatherdale's Moneyline tv show on Rogers. He writes a column of Canadian Business magazine. He or his son Mark occassionally write columns for the Financial Post. He's been on robtv and I've even heard him on the fan 590 talking about the finances of the minor hockey league in Toronto.

He's a former prof. at Schulich and he's a god to many of the students he's taught.

 

[shakenbake]

Yes, I have heard of SOX but you can still play with your numbers to make your company look better.

Accounting firms basically do two types of audits: attest and forensic. Attest assumes the company is being honest and doing everything in good faith. Forensic assumes there's something fishy here.

It was not an accounting firm that got Black into trouble but an investment firm called Tweedy Browne.

Whoever audited Hollinger saw nothing wrong with the non-competes.

Here in Canada, did you know a company can move its pension assets around to boost its net income?

My frame of reference is a forensic accountant named Al Rosen. He's been yelling holy murder for years. He even predicted Nortel's fall two years before it happened.

He's often in the media. Last week, he was on Linda Leatherdale's Moneyline tv show on Rogers. He writes a column of Canadian Business magazine. He or his son Mark occassionally write columns for the Financial Post. He's been on robtv and I've even heard him on the fan 590 talking about the finances of the minor hockey league in Toronto.

He's a former prof. at Schulich and he's a god to many of the students he's taught.

Corey;

Did you know that John Kenneth Galbraith has NEVER played the stock market? he has always invested in secure investment instruments. His belief is that there is a lot of nonsense in corporations and that a CEO has almost no control of a company stock's destiny.

There are so many speculators and wheeler dealers out there who drive the market falsely. maybe, it's like one MBA student who once tried to convince me that it was good for a company's stock price to rise. I ask as to whom it would benefit, doubting that it would be the company. He firmly believed that it was the company. How, I asked him, if the money went directly into the seller's pocket not ever being in the company's possession. he never gave me a satisfactory answer. maybe, these thugs who screww the public are a symptom of economics and ethics gone wrong.

 

[great bear]

Is Conrad Black?

 

[Corey]

Corey;

Did you know that John Kenneth Galbraith has NEVER played the stock market? he has always invested in secure investment instruments. His belief is that there is a lot of nonsense in corporations and that a CEO has almost no control of a company stock's destiny.

There are so many speculators and wheeler dealers out there who drive the market falsely. maybe, it's like one MBA student who once tried to convince me that it was good for a company's stock price to rise. I ask as to whom it would benefit, doubting that it would be the company. He firmly believed that it was the company. How, I asked him, if the money went directly into the seller's pocket not ever being in the company's possession. he never gave me a satisfactory answer. maybe, these thugs who screww the public are a symptom of economics and ethics gone wrong.

The company might not benefit from the price increase but the people (i.e. top management) who get stock options will.

JKG is a very wise man. It's too bad JFK was assasinated. Gailbraith was a close advisor and was out the door as soon as it happened.

 

[sorely]

Yes, I have heard of SOX but you can still play with your numbers to make your company look better.


My frame of reference is a forensic accountant named Al Rosen. He's been yelling holy murder for years. He even predicted Nortel's fall two years before it happened.

He's often in the media. Last week, he was on Linda Leatherdale's Moneyline tv show on Rogers. He writes a column of Canadian Business magazine. He or his son Mark occassionally write columns for the Financial Post. He's been on robtv and I've even heard him on the fan 590 talking about the finances of the minor hockey league in Toronto.

He's a former prof. at Schulich and he's a god to many of the students he's taught.

Rosen always "crys wolf". If you do that you are bound to be right some of the time.

He's way passed "it" and is just looking for some work for an old washed up accountant.

 

[Corey]

Rosen always "crys wolf". If you do that you are bound to be right some of the time.

He's way passed "it" and is just looking for some work for an old washed up accountant.

Man, you are dead wrong. Give me an example where he's been wrong? I would say he's right most of the time.

Looking for work??? Washed up???

He's got his own firm in the heart of the business district. He does work for big firms like the Ontario Teacher's Pension. He ain't starvin'.

The business world needs more Al Rosen's.

 

[Big Michael]

He's a former prof. at Schulich and he's a god to many of the students he's taught.

But considered an Ass**** by most

 

[Corey]

But considered an Ass**** by most

Yeah, he's a curmegeon.

 

[sorely]

Like most consultants, Rosen has a tremendous grasp of the obvious and , like most accountants, his hindsight is 20/20.

Like most lawyers, he takes credit for everything.

He's like a $300/hr sp that is 68 is bbw and doesn't do bbbj. Spend your $$ if you are so inclined.

 

[Corey]

So, where's your example then?

 

[sorely]

So, where's your example then?

His claim severalyears ago that one of the big 5 Canadian banks would fail within the next 12-24 months.