The Conrad Black trial, distilled to its essentials:

National Review - BIRTHDAY SUIT, by Mark Steyn

How many business events disguised as social events are held in American cities every night of the week? If a shareholder objects, that’s between him and management. But for the government to attempt to criminalize the question is a colossal power grab. If your smallish company has revenues of $50 million, you’ll spend $2 million doing the paperwork to comply with Sarbanes-Oxley. Sticking the shareholders for two mil in paperwork is good “corporate governance” but sticking them for 40 grand to help close a deal with Donald Trump is a “crime”. If “excess” is the issue, I know which I prefer.

Date: May 29th, 2007 · Comments RSS · Tags: People and Current Events