I am surprised by the results from the Conrad Black trial because I had expected convictions on more counts. The Wall Street Journal, The New York Times, and Financial Times have in depth articles online now: WSJ (subscription required), NYT (free registration required) and FT (available to all).
Quoting from the WSJ:
Mr. Black, 62, was convicted of three counts of mail fraud and one count of obstruction of justice. He faces a maximum of 35 years in prison for the offenses, plus a maximum penalty of $1 million. He was acquitted of nine other counts, including racketeering and misuse of corporate perks.
And quoting from FT.com:
The guilty verdict marks the final twist in the fall of the former publisher of the Telegraph titles and the Chicago Sun-Times, who may now face a jail sentence of between 30 years and life for stealing $60m from Hollinger International, the company he built and controlled. The decision was brought by a jury in Chicago after 12 days of deliberations following a four-month trial.
Conrad Black is undoubtedly a highly intelligent and capable individual. His many accomplishments are ample evidence. For Conrad Black, though, the verdicts are obviously a sad dénouement. Even sadder still is that he did what he did.
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