Hollinger is thought to have handed over 202 Its existence was disclosed at last Friday's Sky annual meeting but the size of the payment only became clear over the weekend. It also emerged that Mr Ball's original contract did not have a non-compete clause when he took the job in 1999. Lord Black previously has defended the payments, saying the non-compete awards are similar to bonuses paid to executives following large deals.. Institutional investors reacted with amazement yesterday to the disclosure that Tony Ball, the outgoing chief executive of BSkyB, is to receive £10m in return for not working for a rival broadcaster for two years. Hollinger has angered investors after it emerged that the proceeds of some of these payments have gone to individual directors rather than back to shareholders.In June, Tweedy Browne, a major shareholder, asked Hollinger to set up a special board committee to investigate the payments. The SEC filing, the result of that committee's investigation, said: "There are inaccuracies in prior public filings of the company involving the amount, authorisation and purpose of such payments."Hollinger is thought to have handed over $202.7m (£120.1m) in management fees and $73.7m in non-compete payments to executives over seven years. However, an announcement on potential new partners is thought to have been delayed by the SEC filing, in which the company admits giving misleading details about so-called "non-compete" payments.These are payments by companies that have bought assets from Hollinger, made in exchange for Lord Black's newspaper group agreeing not to compete in the same area. As well as the Daily and Sunday Telegraph, Hollinger owns the Jerusalem Post and the Chicago Sun-Times.The filing to the Securities and Exchange Commission followed a board meeting in New York, at which several issues, including bringing in new investors, were thought to have been discussed.Pressure is growing on Lord Black, who controls 73 per cent of the voting stock in Hollinger International, to cede control to a new investor. Each volunteer conducted a test of mental performance with a black experimenter and was placed in a brain scanner and shown photographs of people from different racial groups.Researchers were surprised to find that brain activity in response to the photos predicted how some people performed tasks after actual interaction with a black person, Professor Richeson said.. Lord Black, the owner of the Daily Telegraph, faces fresh pressure this week after his company, Hollinger International, admitted filing inaccurate information to US regulators about payments to top executives. This meant that brain scans could be used to predict how white people might interact with black people, said Jennifer Richeson, assistant professor of psychological and brain sciences at Dartmouth College in Hanover, New Hampshire.The study, in the journal Nature Neuroscience, investigated the latent racial prejudice of 30 white people.
A brain scan that shows how some people have to try harder than others at suppressing their latent racism has been developed by scientists. The study found that the effort of curbing racial bias was more exhausting for the brain when people already had a tendency to be racially prejudiced. Harbouring racial bias - however unintentional - made more intellectual demands on the brain when someone had to interact directly with a person from a different racial group, the research showed. It's a talent very few people possess.I tell her I'm going to New York in January to see Bette Midler perform, and she's immediately into camp banter "Do you love Bette? I love her She's the best. Isn't she the best? Actually, she's sung for me, as have Liza and Elton. She asked if she could host one of her benefits in one of my houses and I said: 'Sure You sing for me and I'll sing for you.'" That says it all.. She knows how to get results and her secret, it seems, is an ability to read people, from presidents to interns, and connect with seeming effortlessness on their level. and the damn woman can cook! It's just jealousy."This is a brief but sharp demonstration of why people and major organisations such as cancer charities want Evelyn Lauder on their side. She has a backbone of steel to "just keep rolling along", as she calls her fund-raising. "Martha's a friend of mine and I have to say she doesn't deserve those accusations They are a tempest in a teapot. There's a huge 'I hate Martha Stewart' club right now, and do you know why? Because Martha does everything right and makes every other women look like a failure: she can look glamorous.. she has her hair done just right.. she's a successful businesswoman... |
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