Speaking of unethical leaders, Conrad Black, ex-CEO of Hollinger International, was sentenced to 61/2 years in prison yesterday. Prosecutors had asked for as many as 30 years…saying he had not shown “one shred of remorse” for looting the company…
Unlike Jeff Skilling’s denial of guilt after his conviction, Black said, “I do wish to profess my profound regret and sadness at the severe hardship of all the shareholders at the evaporation of $1.8 billion in shareholder value under my successors.”
Of course, his successors were only there because Black and his buddies stole $6 million—tip money, assuming he ever tipped.
In the end, Mr. Black and his three colleagues were found guilty of taking illegal payments from the company in two schemes adding up to $6.1 million — a relative trifle in the world of billionaires once inhabited by Mr. Black where, at its peak, his own net worth was estimated at more than $400 million.
But this kind of thing isn’t limited to moguls or big city people.
San Diego, CA The U.S. attorney’s office announced late Wednesday afternoon that a grand jury has indicted a 63-year-old woman on charges alleging that she embezzled more than $120,000 in military veteran’s survivor benefits over a 10-year period.
Adelanto, CA — The mayor of this high desert down was arrested Tuesday along with his wife for allegedly stealing more than $20,000 from Little League coffers over three years.
A comment on yesterday’s post mentions the possibility that it may be inaccurate to generalize about ethics and religion since the ethics survey focused on business, which is most likely to be in urban areas and he wondered if the survey included non-profits and churches.
That got me thinking about an article I read recently about a woman who embezzled from the Little League in a small town in eastern Washington. So I googled “embezzlement and “Little League” and there were 324,000 hits in English.
Then I tried “embezzlement and church” and got 427,000 hits.
Unethical behavior is alive and well everywhere, but it’s nice to know that the perpetrators sometimes get caught and even punished.