Node Of Evil - Fair And Balanced Reporting


For those who feel the war on terrorism
could use a little "Structural Adjustment".



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How do you join the Node Of Evil? To join, simply repeat the phrase "I hate the war on terrorism". Yes, it's that simple!


archives

Wednesday, September 01, 2004

 
More about Richard Perle here. He's been taken to the cleaners after a recent report on Hollinger International's financials revealed he was negligent of his duties and demanded that he return 5.4 million dollars in compensation from the company. From the article:


'Mr. Perle was chairman of Hollinger's Internet investing subsidiary, which lost lots of money. But he and other insiders had an unusual deal that gave them a share of profits from good investments without requiring those amounts to be offset by losses from bad investments.'

'Mr. Perle collected $3.1 million through that deal - payments that the committee said were not fully disclosed to shareholders, as they should have been. By the committee's account, Mr. Perle was responsible for $63.6 million in Hollinger investments, on which the company lost a net $49 million.'

'After the Internet boom collapsed, Mr. Perle persuaded Hollinger to invest in Trireme Partners, a venture capital firm that he helped found. He even signed, on Hollinger's behalf, the commitment letter for the investment.'


You may remember Trireme Partners from a New Yorker article by Seymour Hersh.

Andrew 8:38 AM : |



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