Hollinger International and Conrad Black: The Corporate Governance Conundrum
Code : GOV0015
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Region : USA |
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Abstract: Hollinger International, the publishing division of Hollinger Inc., is an organisation based in USA that owns many newspapers. Lord Conrad Black (Black) was the Chairman and Chief Executive of Hollinger International who along with his friend David F Radler controlled the Hollinger Inc.'s operations through Ravelston, their private equity vehicle. In the year 2003, Tweedy Browne Co., a New York-based investment firm approached the Securities Exchange Commission to conduct a corporate governance review of Hollinger International. Black was forced to resign in November 2003. The report accused Black and his associates of robbing the company of millions of dollars. The final outcome of the Hollinger case is far from decided. |
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Pedagogical Objectives:
Keywords :Corporate Governance Case Study, Chicago, Newspaper, Ravelston, Hollinger International, Conrad Black, Barbara Amiel Black, Richard Perle, Tweedy Browne, Richard Breeden, Securities Exchange Commission, Corporate governance, Minority shareholders.
Contents :
» An Overview
» Scandal Surfaces at Hollinger International
» The Waves of Scandal
» The Findings by SEC