You Snooze, You Lose
Likewise, the “Audit Committee was deficient in reviewing and approving International’s asset sales, related non-compete payments and other transactions”–all of them being devices that Radler and Black allegedly used to sack the company. Black and Radler “had a right to rely in good faith” on the judgment of the committee members, for these were matters within their “professional or expert competence.”
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The complaint is a gleaming example of Black’s brazen wit. He recasts Thompson, a former prosecutor, as the trusted elder whose duty was to keep the company on the straight and narrow but played the enabler instead.
In a July 6 memo to WBEZ’s staff, board members, and Community Advisory Council members, Malatia said production of Odyssey will end on September 30 and of Schadenfreude on August 31. “We own considerable archives of both which may continue to be broadcast for a short time after live production ends,” he wrote, and added that Ron Jones, the vice president for programming, was working up local shows to replace them.
So how is it, he wonders, that Chicago’s media can claim evenhanded coverage of the Gay Pride parade when they have floats in it? I’m not sure Chicago’s media make any such claim, but that’s not to say they shouldn’t be able to. I said to him, is it like a radio station having a float in the Cinco de Mayo parade but having no time for anybody who advocates shipping all these people back to Tijuana?
