Sunday, June 29, 2003

George Galloway has launched his libel action against the Daily Telegraph for claiming that it had found documents that proved he was being paid by Saddam. The only problem with this is that Hollinger, which owns the paper, appears to be close to broke. Incompetent leadership by Conrad Black, coupled with massive overcompensation taken by Black and his cronies, has left the company in terrible shape. The problems were so obvious that the shareholders even had the audacity to complain about it and Black had to offer some concessions, concessions which he is now trying to get out of. I have no sympathy for shareholders who invest in a company with such a convoluted share structure that there may be no one alive who can determine who owns what, not to mention a company which is the current manifestation of a newspaper group set up originally to be an organ of propaganda for British intelligence, a role it still seems to take more seriously than making money for its shareholders. If Hollinger has no money, how will Galloway receive his damages? I suggest a solution from the 'Seinfeld' comedy program: Conrad Black can become George Galloway's butler. Black looks the part - he reminds me of a coarse version of the role played by Charles Laughton in the movie Ruggles of Red Gap - and he must have been the recipient of a lot of butlering over his life, and so would know exactly what to do.

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