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-Caveat Lector-

Financial Times
November 13, 2003

Hollinger probes Perle trades

By Stephanie Kirchgaessner in London

Hollinger International is examining investments made
by Richard Perle, the prominent US defence adviser who
is a Hollinger director, on behalf of the company.

The investigation is part of a wider internal probe at
the publisher of the Chicago Sun-Times and the UK's
Daily Telegraph into some of the company's corporate
governance practices, including the payment of nearly
$300m in management fees to Conrad Black, chief
executive and chairman, and his deputies.

That inquiry, which is being led by Richard Breeden,
former US Securities and Exchange Commission chairman,
is wide-ranging.

It involves close scrutiny of so-called "related-party
transactions", or deals in which members of Hollinger's
board or Hollinger executives benefited from deals the
publisher agreed with other companies.

One transaction was a $2.5m investment in Trireme
Partners, a venture capital company in which Mr Perle,
an independent director, is a managing partner.

Mr Perle had also played a prominent role in the late
1990s and early 2000 in directing investments in other
companies through Hollinger Digital, Hollinger's
investment arm.

Also under review is a $14m investment the company made
under Mr Perle's direction through Hillman Capital, a
venture capital group controlled by Gerald Hillman -
who has since become a partner at Trireme and, like Mr
Perle, is a member of the US Defense Policy Board.

Paul Healy, the head of investor relations at
Hollinger, refused to comment. Mr Perle and Mr Hillman
were both unavailable for comment.


Find this article at:
http://search.ft.com/s03/search/article.html?id=031113003398





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www.ctrl.org
DECLARATION & DISCLAIMER
==========
CTRL is a discussion & informational exchange list. Proselytizing propagandic
screeds are unwelcomed. Substance—not soap-boxing—please!   These are
sordid matters and 'conspiracy theory'—with its many half-truths, mis-
directions and outright frauds—is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.

Let us please be civil and as always, Caveat Lector.
========================================================================
Archives Available at:

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<A HREF="http://www.mail-archive.com/[EMAIL PROTECTED]/">ctrl</A>
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