AccessMyLibrary : Search Information that Libraries Trust AccessMyLibrary | News, Research, and Information that Libraries Trust

AccessMyLibrary    Browse    T    The New Yorker    FEB-04    OTHER PEOPLE'S MONEY.(The Talk of the Town)(Conrad Black)

OTHER PEOPLE'S MONEY.(The Talk of the Town)(Conrad Black)

Publication: The New Yorker

Publication Date: 09-FEB-04

Author: Surowiecki, James
How to access the full article: Free access to all articles is available courtesy of your local library. To access the full article click the "See the full article" button below. You will need your US library barcode or password.

Bookmark this article

Print this article

Link to this article

Email this article

Digg It!

Add to del.icio.us

RSS

COPYRIGHT 2004 All rights reserved. Reproduced by permission of The Condé Nast Publications Inc.

Two summers ago, Conrad Black, who was the chairman and C.E.O. of the newspaper giant Hollinger International, sent an e-mail to two of his fellow-executives complaining about the company's critics. Hollinger's stock price had been falling for two years, and shareholders had been grumbling that Black and his colleagues were more interested in lining their own pockets than in looking after the company's interests. Black found their whinging tiresome. Hollinger, he wrote, had gone public only to make "cheap use of other people's capital." In other words, the shareholders should remember their role, which was to hand over their money and keep their mouths shut. "They are a bunch of self-righteous hypocrites and ingrates," Black wrote.

Black's disdain reflected an assumption that his power was secure. When, in 1994, Hollinger went public, Black retained voting control,...

Read the full article for free courtesy of your local library.


More Articles from The New Yorker
THE SHAKEOUT.(John Kerry)
February 09, 2004
INSIDE THE WIRE.(Guantanamo Bay)
February 09, 2004
THE ISLANDER.(David Walcott)
February 09, 2004
UNDERGROUND MAN.(Robert Kiley )
February 09, 2004
THEY LIKE TO WATCH.(The Dreamers)(Movie Review)
February 09, 2004

What's on AccessMyLibrary?

31,263,045 articles
in the following categories:

Arts, Business, Consumer News, Culture & Society, Education, Government, Personal Interest, Health, News, Science & Technology


© 2008 Gale, a part of Cengage Learning  | All Rights Reserved | About this Service | About The Gale Group, a part of Cengage Learning
                                            Privacy Policy | Site Map | Content Licensing | Contact Us | Link to us
      Other Gale sites: Books & Authors | Goliath | MovieRetriever.com | WiseTo Social Issues