A fascinating read about corporate high finance and deception. This blistering tale reveals the fall of the newspaper baron Conrad Black, which has a symmetrical feel about it as the beginning of Black's ascendancy was also mired in controversy.
The author was very close to Black and the book was authorised although after the fraud trial it ended up very different to its original intentions. All the major publishers and owners are name-checked, including another robber Robert Maxwell. Black was born in Canada and Canadian politics recur throughout the book. This is also compelling as it leads you to believe that politics is the same the world over.
Black ruthlessly bought and sold newspapers. He elicited payments from buyers for non-compete fees, which in one instance amounted to him paying himself not to compete against himself! The author states the turning point was when Black made the company public in America as Tombs writes "He seemed to forget that once he took Hollinger International public, and raised capital through several initial public offerings, he was now answerable to those public shareholders- he was working for them."
The United States is the most litigious country in the world and Black's neck was about to be chopped. Excerpts from the trial reveal incompetence from the companies' auditors, though this was not enough to disprove Black's crookedness.
Even when it was all falling apart Black believed he could stave off the wolves, during his troubles he wrote a lengthy biography of Richard Nixon. Unlike the disgraced former president he didn't pass go and ... well, you know the rest.