At a time when the super-sized pay for high-ranking corporate executives is a major politicalissue, the Supreme Court has agreed to sort out whether a pay package can actually amount to criminal fraud, on the theory that it deprives the company or its stockholders of “honest services” in the executive suite.  The issue arises in the high-profile prosecution, and conviction, of Canadian media mogul, Conrad M. Black, and two of his fellow executives at Hollinger International, Inc.  Their case, in fact, is one of three the Court is reviewing this Term on the “honest services” fraud issue in federal law.

via Executive pay and the law of fraud | SCOTUSblog.