:
CONRAD BLACK TRIAL -
That Giant Sucking Sound -
The prosecutor described how Black "devised a cynical plot to siphon off millions that rightfully belonged to shareholders."
Each time they sold a newspaper, they would insist that the buyer pay part of the fee as a 'non-competition fee.'
By having the 'non-compete fees' paid directly to subsidiary companies, through which Black and Radler controlled Hollinger International, and failing to disclose the payment to shareholders, they could cream off a percentage for themselves.
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