What distinguishes this scandal is Black’s jaw-dropping sense of entitlement. By almost every account, he thought of shareholders as sharecroppers, bugs on his corporate windshield. He ran Hollinger as a personal fief, doling out favors to directors while accumulating the usual clutch of mansions, private jets and billionaire baubles. He intimidated inquiring journalists with lawsuits; when the Canadian Prime Minister Jean Chretien moved to block his entrance into the British House of Lords, the combative Black sued him, too. (1)
A fraudster of considerable importance, Black also defrauded the public in – other – ways. Ways in which he will (Read more…)