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Conrad Black
- Thread starter Esco!
- Start date
It was once said;Corey said:Proof??? What the hell do you think Quebec nationalism is all about???
" A proof is a proof. What kind of a proof? It's a proof. A proof is a proof. And when you have a good proof, it's because it's proven."
Al Rosen said up to 75% of income trusts could be scams.superquad1968 said: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.
http://accountabilityresearch.com/documents/media/Feb_7_03_accounting_rules_favour_canada.pdfshakenbake said: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?
http://accountabilityresearch.com/documents/media/apr_1_03_New_Rules.pdf
Weekly said:Al Rosen said up to 75% of income trusts could be scams.
http://accountabilityresearch.com/documents/media/Feb_7_03_accounting_rules_favour_canada.pdf
http://accountabilityresearch.com/documents/media/apr_1_03_New_Rules.pdf
could be scams? great - if rosen is so knowledgeable why is he not a billionaire - he should be shorting all these companies
With his tenure at York U., pension, private consulting practice and personal investment portfolio I'm guessing he'll earn at least 500k annually for the rest of his life. He can serve as a director on a public company board, venture capital start-up where he'd be eligible for stock options potentially worth millions..red said:if rosen is so knowledgeable why is he not a billionaire
There is know doubt in my mind that ,Black will "end up needing to appear in front of a judge in Chicago.We think that he should extradited" Patrick j Fitzgereld,United States Attorney,Chicago, put it ,recently in the New York Times.
that these charges will stick ,as Irish American fed L.E, from Chicago would perceive Black,as a white elephant,with a Canadian,British club foot,making a very juicy meal if cooked.
but with Eddie Greenspan,as the first line of defence,and eventually British Courts as back up,I wouldn,t rate,US Feds abilty to get their paws on him anytime soon,too highly either.
=willie
that these charges will stick ,as Irish American fed L.E, from Chicago would perceive Black,as a white elephant,with a Canadian,British club foot,making a very juicy meal if cooked.
but with Eddie Greenspan,as the first line of defence,and eventually British Courts as back up,I wouldn,t rate,US Feds abilty to get their paws on him anytime soon,too highly either.
=willie
There is a difference
Stronach takes out salary which is taxed in his hands and reported publically.
Black paid his personal bills with company funds and directed to payments that should have gone to the company to him self. These were not reported as part of his pay package and therfore not open to scrutiny by the shareholders.
ontario said:Big deal! Frank Stronach and pays himself $50,000,000 a year!.
Stronach takes out salary which is taxed in his hands and reported publically.
Black paid his personal bills with company funds and directed to payments that should have gone to the company to him self. These were not reported as part of his pay package and therfore not open to scrutiny by the shareholders.
ontario said:Let them get their hands on Frank and see how well he fairs.
I believe Stronach gets away with what he does mainly because of the dual class shares structure of the company.
The guy I want to see burned alive is John Roth.
Corey said:I believe Stronach gets away with what he does mainly because of the dual class shares structure of the company.
The guy I want to see burned alive is John Roth.
Yep, Roth walked away clean as a whistle. Now Roth? That is a major league prick.
Classic "pump 'n dump" scheme.great bear said:Yep, Roth walked away clean as a whistle. Now Roth? That is a major league prick.
ontario said:Conrad Black got board authorization for everything that he did. He was a self-enriching corporate zealot, yet he acted within the confines of the law. The press made a stink about him throwing a massive party for his wife, also a board member and an officer. $75k or something close to it. Big deal! Frank Stronach and pays himself $50,000,000 a year! Does he deserve every penny? Who's to say? The board of directors, that's who! The only difference is Stronach doesn't rub it in everyone's face with arrogance and greed. But they are all cut from the same cloth. Find me a ceo who puts his company ahead of his own agenda and I'll sell my 1992 hyundai and buy it's shares. I have no issues with Conrad- he committed no crime that isn't being committed by every ceo in public markets universe. It's all a question of timing and pissing off the wrong (shareholder's activists) people. If you think SOX is going to change that you're more naiive than the dummies who bought NT at $200.
Two wrongs don't make it right.
Whether every other CEO does it or not is irrelevant. The spotlight is on Conrad right now.
And NT topped out at 124 a share, post split.
Corey said:I believe Stronach gets away with what he does mainly because of the dual class shares structure of the company.
The guy I want to see burned alive is John Roth.
AND Frank Dunn.
You can bet the farm that he is more guilty than Roth.
He was building himself a 20 million dollar homestead while NT was in the process of laying off 60,000 people world wide.
Nice touch there Frank.
Conrad was stealing money.
The hear-say that I heard from a friend, who's friend worked in the accounting dept. at Southam was that Mrs. Black would show up on Monday and collect a cheque for 40 grand.
On Tuesday, she would return and collect a cheque for 10 grand and change and leave after 3 minutes.
On Wednesday, she would collect a cheque for 35 grand.
On Thursday, she would show up and collect a cheque for 42 grand.
On Friday, she would show up and collect a cheque for 15 grand.
And next week, the cycle would repeat.
Seriously.
Conrad is a common thief, suffering from delusions of grandeur that somehow, he is above the law, that he is better than everyone else.
And his farking wife is even worse than him. She once wrote that as a teenager, her divorced mother remarried (Babs is a nice jewish girl from Hamilton) a guy who was only a draftsman. Babsie always thought for the rest of her life that her mother married beneath herself.
Conrad is babsie's fourth hubby, she never being satisfied with her lot in life with any of the previous three.
The hear-say that I heard from a friend, who's friend worked in the accounting dept. at Southam was that Mrs. Black would show up on Monday and collect a cheque for 40 grand.
On Tuesday, she would return and collect a cheque for 10 grand and change and leave after 3 minutes.
On Wednesday, she would collect a cheque for 35 grand.
On Thursday, she would show up and collect a cheque for 42 grand.
On Friday, she would show up and collect a cheque for 15 grand.
And next week, the cycle would repeat.
Seriously.
Conrad is a common thief, suffering from delusions of grandeur that somehow, he is above the law, that he is better than everyone else.
And his farking wife is even worse than him. She once wrote that as a teenager, her divorced mother remarried (Babs is a nice jewish girl from Hamilton) a guy who was only a draftsman. Babsie always thought for the rest of her life that her mother married beneath herself.
Conrad is babsie's fourth hubby, she never being satisfied with her lot in life with any of the previous three.
Here's an interesting article I found on Babsie......
Did life as Mrs. Conrad Black change Amiel? In addition to a thickening Oxonian accent, she acquired a “semi–royal” aloofness, according to one longtime director of Black companies. Even before Conrad’s peerage, the director recalls, “her manner was certainly different… she ‘received’ people.” Some who had been charmed by “Babs” Amiel claim to have been snubbed by Lady Black. The fashionable hairstylist Robert Gage, who has known her since her Toronto Sun days and considered her a personal friend, recalls: “She was always a snob, but she could get down and enjoy the underbelly of the city. One time I came to do her hair at her house in the Bridle Path. I went into the kitchen and said to the butler, ‘Is Madam about?’ The chef and the butler said, ‘She’s breakfasting in the dining room.’
“I went right in. She was sitting at the dining table having breakfast by herself. The sideboard had food on it — in chafing dishes, all rather extravagant. “‘Do you have house guests?’ I asked. “‘No, Conrad likes to come down and browse.’ “She didn’t offer me anything, no eggs. Finally, she said, ‘Would you like a coffee?’ I said, ‘Yes.’ “She said, ‘Werner has coffee for you in the kitchen.’ The message was very clear: I was help. Later, she basically said to me, ‘I had to do this because of how it looks to the servants.’”
The columnist Mark Steyn takes issue with this imperious image; he re-members Amiel sitting at a table with him, Chicago Sun–Times editorial chief John Cruickshank and other journalists at a 2001 lunch in Washington on the eve of the annual Hollinger dinner the Blacks would pack with luminaries. “I thought Barbara Amiel was like Frank Sinatra at parties, when instead of gravitating to the A–list movie stars, he’d shoot the breeze with the musicians,” says Steyn. This time, however, she was shooting darts at Cruickshank over the look of the Sun–Times —the paper was “shabby” and “a mess,” she said, with not enough editorial and too many ads cramming the front.
Cruickshank walked up to Hollinger’s president and Sun–Times publisher David Radler and told him that his partner’s wife had just publicly dressed him down over things that were a direct consequence of cost cuts Radler had instigated.
“What do you want me to do?” Cruickshank asked. “Tell her to fuck off,” came Radler’s blasé reply. “That really is not one of the roles that I had signed on for,” said Cruickshank, but Radler was unperturbed. “She talks that way,” he explained, “but she and Conrad are the first to squeal when the money doesn’t come.”
Link to rest
http://www.saturdaynight.ca/feature/article.cfm?listing_id=22&pg=1
Did life as Mrs. Conrad Black change Amiel? In addition to a thickening Oxonian accent, she acquired a “semi–royal” aloofness, according to one longtime director of Black companies. Even before Conrad’s peerage, the director recalls, “her manner was certainly different… she ‘received’ people.” Some who had been charmed by “Babs” Amiel claim to have been snubbed by Lady Black. The fashionable hairstylist Robert Gage, who has known her since her Toronto Sun days and considered her a personal friend, recalls: “She was always a snob, but she could get down and enjoy the underbelly of the city. One time I came to do her hair at her house in the Bridle Path. I went into the kitchen and said to the butler, ‘Is Madam about?’ The chef and the butler said, ‘She’s breakfasting in the dining room.’
“I went right in. She was sitting at the dining table having breakfast by herself. The sideboard had food on it — in chafing dishes, all rather extravagant. “‘Do you have house guests?’ I asked. “‘No, Conrad likes to come down and browse.’ “She didn’t offer me anything, no eggs. Finally, she said, ‘Would you like a coffee?’ I said, ‘Yes.’ “She said, ‘Werner has coffee for you in the kitchen.’ The message was very clear: I was help. Later, she basically said to me, ‘I had to do this because of how it looks to the servants.’”
The columnist Mark Steyn takes issue with this imperious image; he re-members Amiel sitting at a table with him, Chicago Sun–Times editorial chief John Cruickshank and other journalists at a 2001 lunch in Washington on the eve of the annual Hollinger dinner the Blacks would pack with luminaries. “I thought Barbara Amiel was like Frank Sinatra at parties, when instead of gravitating to the A–list movie stars, he’d shoot the breeze with the musicians,” says Steyn. This time, however, she was shooting darts at Cruickshank over the look of the Sun–Times —the paper was “shabby” and “a mess,” she said, with not enough editorial and too many ads cramming the front.
Cruickshank walked up to Hollinger’s president and Sun–Times publisher David Radler and told him that his partner’s wife had just publicly dressed him down over things that were a direct consequence of cost cuts Radler had instigated.
“What do you want me to do?” Cruickshank asked. “Tell her to fuck off,” came Radler’s blasé reply. “That really is not one of the roles that I had signed on for,” said Cruickshank, but Radler was unperturbed. “She talks that way,” he explained, “but she and Conrad are the first to squeal when the money doesn’t come.”
Link to rest
http://www.saturdaynight.ca/feature/article.cfm?listing_id=22&pg=1
Maybe Babs isn't that smart?
Why would you want to go to the office everyday to pick up a cheque while you could've done it once a week?
$130K+ walking out the door every week is noticable whether it's one cheque or several.
To her and Tubby, it might have seemed like petty cash but obviously not to your friend and her colleagues in the accounting dept.
My schadenfreude towards them has no bounds.
Why would you want to go to the office everyday to pick up a cheque while you could've done it once a week?
$130K+ walking out the door every week is noticable whether it's one cheque or several.
To her and Tubby, it might have seemed like petty cash but obviously not to your friend and her colleagues in the accounting dept.
My schadenfreude towards them has no bounds.
There was no line Amiel would come to regret more than one printed in the August 2002 issue of Vogue magazine. In granting a full–access tour of her wardrobe, Amiel explained to writer Julia Reed that as a result of a humiliation she received while wearing a used dress as a struggling teen in Toronto, she had vowed “never again,” adding, “I sort of never forgot it. And now I have an extravagance that knows no bounds.”
“She is not kidding,” Reed wrote. “In her luxurious dressing suite, two floors above where we’re sitting, there are so many closets it takes two rooms (connected by a short hall with big walk&ndashin closets —one for day clothes, one for night) to hold them, and on the doors of each are countless beautifully pressed shawls of pashmina and silk and cashmere and chiffon hanging over thin brass rods. There’s a fur closet, a sweater closet, a closet for shirts and T–shirts, and a closet so crammed with evening gowns that the overflow has to be kept in yet more closets downstairs off the gym.” Reed counted more than a dozen Hermès Birkin bags, 30 to 40 jewel–handled Renaud Pellegrino handbags, more than 100 pairs of Manolo Blahnik heels, and much else besides.
About the now–infamous “extravagance” comment, Amiel later backtracked: “I have been saying that wryly about myself all my life in every economic circumstance. I think I must have heard it in a bad radio play once. I don’t know whether I used it in conversation with Reed in reference to handkerchiefs, hand cream or handbags, but it certainly was the most ill-timed throwaway comment I could have made.” Indeed, the remark served to inflame the New York investment firm Tweedy, Browne, a Hollinger International shareholder that was a driving force behind the investigation into the company’s ?nancial affairs.
Here's one of my favourite passages clipped from the link above.
“She is not kidding,” Reed wrote. “In her luxurious dressing suite, two floors above where we’re sitting, there are so many closets it takes two rooms (connected by a short hall with big walk&ndashin closets —one for day clothes, one for night) to hold them, and on the doors of each are countless beautifully pressed shawls of pashmina and silk and cashmere and chiffon hanging over thin brass rods. There’s a fur closet, a sweater closet, a closet for shirts and T–shirts, and a closet so crammed with evening gowns that the overflow has to be kept in yet more closets downstairs off the gym.” Reed counted more than a dozen Hermès Birkin bags, 30 to 40 jewel–handled Renaud Pellegrino handbags, more than 100 pairs of Manolo Blahnik heels, and much else besides.
About the now–infamous “extravagance” comment, Amiel later backtracked: “I have been saying that wryly about myself all my life in every economic circumstance. I think I must have heard it in a bad radio play once. I don’t know whether I used it in conversation with Reed in reference to handkerchiefs, hand cream or handbags, but it certainly was the most ill-timed throwaway comment I could have made.” Indeed, the remark served to inflame the New York investment firm Tweedy, Browne, a Hollinger International shareholder that was a driving force behind the investigation into the company’s ?nancial affairs.
Here's one of my favourite passages clipped from the link above.
