http://slate.msn.com//id/2091198/Eight months ago, foreign policy hawk Richard N. Perle vowed to sue investigative reporter Seymour M. Hersh for libel over Hersh's New Yorker feature, "Lunch With the Chairman." Perle described the story as "all lies, from beginning to end," in the March 12 New York Sun. Perle, a leading neoconservative thinker and member of the Pentagon's Defense Policy Board, told the Sun Hersh had libeled him by falsely implying that was using his Pentagon position for personal financial gain.
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With just 18 weeks to file before the statute of limitations expires on his libel claim, one would expect Perle and his lawyers would be cracking. But today, instead of playing legal offense, Perle's counselors might be regrouping in a defensive formation. Yesterday's (Nov. 12) Financial Times reports that Hollinger International, which publishes the Chicago Sun-Times and London's Daily Telegraph, among other publications, is "examining investments made by Richard Perle, the former senior US defence adviser who is a Hollinger director, on behalf of the company."
According to the FT's Stephanie Kirchgaessner, the Perle probe is part of a larger internal inquiry led by former SEC Chairman Richard Breeden into "so-called 'related-party transactions,' or deals in which members of Hollinger's board or Hollinger executives benefited from deals the publisher agreed with other companies." Under investigation are "nearly $300m in management fees to Conrad Black, chief executive and chairman, and his deputies."
The studied transactions include a $2.5 million investment in Trireme Partners, the venture capital company co-managed by Perle that Hersh scrutinized so heavily in The New Yorker feature. Kirchgaessner continues: "Also under review is a $14m investment the company made under Mr Perle's direction through Hillman Capital, a venture capital group controlled by Gerald Hillman—who has since become a partner at Trireme and, like Mr Perle, is a member of the US Defense Policy Board." Perle and Hillman had no comment.
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Perle is so loathsome.
Edit: correct link.