Wednesday, November 23, 2005

Lord Black's cautionary lessons for executives


Jim Thompson sought to strike a sober tone last week when Conrad Black was finally charged with fraud, and carefully avoided ­proclaiming that the Hollinger audit committee he chaired had been ­exonerated. Mr Thompson, a former Illinois governor, was far too shrewd to crow over the former chief executive's spectacular fall from grace.

"The indictments say we were lied to," he told a Chicago reporter on Thursday. "I don't take any vindication, because it's a sad affair, but that's what it says."

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