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Tube staked. (International Capital Corp. and Canadian Broadcast Corp.'s The Fifth Estate television program) (Upwards and Onwards)

Saskatchewan Business

| March 01, 1990 | Leis-Pawlowski, Connie | COPYRIGHT 1989 Sunrise Publishing Ltd. (Hide copyright information)Copyright

Tube Staked

On the Richter scale of business nightmares it rumbled in at a life-threatening 7.5. Reg Schafer, president and co-owner of Saskatoon-based International Capital Corporation, was just back from Hong Kong when he turned on the TV in his Vancouver hotel room. There, on the screen before him, was the flickering image of his very own company, in the unsightly process of being ripped to shreds by a charismatic and oh-so-believable Eric Malling, host of a special hour-long, "fraud format" edition of CBC's well-watched The Fifth Estate.

"It wasn't a surprise. I knew it was coming. I knew what kind of a program it was," Schafer says of the Fifth Estate …

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