Posted by The Happy Tutor
Small world. Richard Perle and Conrad Black were together on the Board of Hudson, as well as entwined in business deals. See The Curse of Black's Perle in Slate. See also this, based on a report by a committee of Hollinger International's Board.
Conrad M. Black ran a "corporate kleptocracy" for his own benefit at Hollinger International, the publisher of The Chicago Sun-Times and other newspapers, and the board of directors failed in its responsibilities to monitor what he was doing, a committee of that board concluded in a report filed on Monday in federal court in Chicago and made available today....
The report was particularly critical of the audit committee of the board, which it said had not performed its duties to monitor what was going on. But the report saved its harshest criticism for Richard Perle, the former Reagan administration official and current member of a Pentagon advisory board. It said it did not consider Mr. Perle to have been an independent director and called on him to return $5.4 million in pay he received after "putting his own interests above those of Hollinger's shareholders."
Greasing the corporate/governmental kleptocracy, of course, is a bit of philanthropy.
...the committee said large Hollinger donations to "pet charities" of various directors, including Mr. Kissinger and Robert Strauss, a former chairman of the Democratic National Committee, "without the restraint of sound corporate governance controls, raises questions regarding the independence of those directors."
A third figure mentioned in the report, is Marie Josee-Kravis, another Hudson Institute Board Member.
It said Mr. Thompson and two other members of the audit committee, Richard D. Burt, a former United States ambassador to Germany, and Marie-Josée Kravis, the wife of the financier Henry Kravis, "failed to respond critically to the repeated demands for noncompete payments even though they should all have known these payments were highly unusual from the numerous boards on which they had served."
Now, back to Hudson's Bradley Center for Philanthropy and Civic Renewal. Instead of attacking root causes, like corruption in high places, Bill Schambra would have us look to Hudson for guidance on civic morality and good citizenship. I hope when he writes this stuff that Bill at least closes the door. The stench must distract him. Better to go out by the Dumpster and write while sitting on a sack of garbage.