...as this former Sun-Times employee (me and no doubt a few others) cheers his being relieved of $4.1 for what he did to the paper.
One more chapter closes on the felon, Conrad Black, who pillaged the Sun-Times. As the Tribune reports:
The Securities and Exchange Commission has banned former Sun-Times owner Conrad Black from acting as a director of a U.S. company and said he must pay $4.1 million in restitution in a settlement that ends a long-standing lawsuit over Black's dealings as the head of the Hollinger media empire.
Well, of course. He got off easy. But what interested me most in the story was Black's reaction:
"In the circumstances, and given the correlation of forces and the defamation I endured, it is a very happy ending," Black said in an email, noting that a libel suit related to the affair had ended in a settlement. "The collapse of the onslaught against me speaks for itself....Black described the OSC action as a "technical matter."
Even though the Ontario Securities Commission, Canada's major securities regulator will to proceed with its own case against Black and two other former Hollinger executives, he still believes that he did nothing wrong. One must search far and wide to find arrogance and blindness in greater excess.
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