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Jan 01

My “Let’s Run This Business Like a Government” award goes to… Hollinger Inc. (now called SunTimes Media).

After the founder has been caught freely spending his company’s money without asking permission from his shareholders (albeit, unlike his government role models, without any overt attempt to hide or cover up the fact), the government company hires a battery of lawyers and an $800/hour governance guru who will “take” them from the Black to the cleaners (i.e. the company’s stock under their tutelage falls from $20 per share to $1.20).