WSJ today:
Hollinger International Inc. said Monday that Chief Executive Conrad Black and President and Chief Operating Officer David Radler will leave their posts following a discovery of unauthorized payments to Lord Black and other executives.
In a statement Monday, Hollinger also said it hired Lazard LLC to evaluate strategic alternatives, including a sale of the company or one or more of its properties.
The firm said Lord Black will retire Nov. 21 to devote his time to pursuing the strategic process. Lord Black will continue to serve as Hollinger International's nonexecutive chairman.
Lord Black controls the Chicago-based newspaper publishing company through Toronto-based holding company Hollinger Inc. Hollinger International publishes the Chicago Sun-Times, London's Daily Telegraph and the Jerusalem Post.
Recall that Richard Perle is one of Conrad Black's primary, and perhaps closest, advisors.
The significance of which is simply that Perle has long been happy to cavort among those who manage over the edge.
Which undoubtedly informed his positions as primary (profit-making) advisor to Rumsfeld....
