Conrad Black's release could not have been possible without a $2-million bail secured by Roger Hertog. Here's a closer look at Lord Black's friend with very deep pockets:
Who: Roger Hertog, American businessman and philanthropist.
Why: Numerous reports describe Lord Black and Mr. Hertog as "longtime friends." In fact, the pair were two of the original backers for the now-defunct New York Sun newspaper, which was published from 2002 until 2008. Mr. Hertog was also a part-owner of The New Republic magazine until 2007.
What: Mr. Hertog the self-described son of poor German-Jewish immigrants, grew up in the Bronx and attended City College of New York before beginning his career of investing. Mr. Hertog was a founding partner of Sanford C. Bernstein & Co. Inc. in 1968 and is a vice-chairman emeritus of investment management firm AllianceBernstein L.P. In 2007, he was awarded the National Humanities Medal for his philanthropy work. Mr. Hertog is chairman of the New York Historical Society, chairman emeritus of The Manhattan Institute, and sits on boards for numerous organizations, including the New York Philharmonic and the New York Public Library.