Bora Bora on company's dime
Controller: Half of Black's Pacific trip charged to Hollinger
April 5, 2007
Conrad Black's 2001 trip to Bora Bora on a company jet was outside of a company accountant's experience, so he had to ask the press baron how to allocate the expense.
In a handwritten memo, Black advised controller Fred Creasey to charge half the cost of the $565,326 (Canadian) trip to Hollinger International, the former name of the company that owns the Chicago Sun-Times, Creasey testified Wednesday in Black's fraud trial.
Creasey also said Black's company airplane expenses amounted to about $7 million a year (Canadian currency).