Wall Street Journal apologizes to Conrad Black - Macleans.ca

Wall Street Journal apologizes to Conrad Black

Newspaper concedes it may have been too eager to jump on anti-Black bandwagon


Former Enron CEO Jeffrey Skilling’s successful bid to have the U.S. Supreme Court rein in the “honest services” statute that has served as a backbone to several white-collar convictions south of the border was “a long overdue victory for the rule of law,” according to an editorial in the Wall Street Journal. Moreover, the decision has prompted a bout of self-reflection among the Journal‘s editorial board members, especially in light of the revised statute’s application in Conrad Black’s case. While the reversal of Black’s fraud convictions is primarily an indictment of the prosecutors who abused the “honest services” statute, it is also a wake-up call to the nation’s media, whom the Journal‘s editors write were too quick to hop on the anti-business bandwagon.  “The Black and Skilling cases are precisely the kind involving high-profile, unsympathetic defendants in which willful prosecutors like Mr. Fitzgerald are inclined to abuse the honest services law,” reads the editorial. “They know the media won’t write about the legal complexities, and they know juries are often inclined to find a rich CEO guilty of something. We regret that in the case of Mr. Black, that failure of media oversight included us.”

Wall Street Journal

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Wall Street Journal apologizes to Conrad Black

  1. I don't know what to say about Black, but I do respect the WSJ's honest admission of a journalistic failure in this case.

  2. That should read "statute's revised application" not "revised statute's application", shouldn't it? They didn't actually alter the text of the law, they found that it's text only includes bribery and kickbacks, right?

    And it seems (not having read the case or being familiar with the American cases) that it was a pretty open issue of how all-encompassing the statute was. The media isn't always very good at reporting that requires specialized knowledge, but asking them to be prescient about a ruling in a contentious issue might be too much.

  3. Conrad Black was railroaded and it's about time he was exonerated. In the US and Canada we're stuck with a legal system not a justice system and it's shameful.

    • Perhaps you should check the history of the Dominion Store closings in Canada. Mr. Black walked away with the employee's pension. Then a court had to order him to return 50 cents on the dollar of their "expected" retirement amounts. This seems to be the way this man does business.

  4. Ya think?

  5. Simple. Napoleon has just escaped Elba, and is now marching back to Paris. The journalistic jacobins and montagnards now tremble with apologies.