purejuice: (Default)
[personal profile] purejuice
As I predicted, US shareholders and execs at News Corp. are watching Rupe's testimony closely. They're discussing retiring him as CEO, and letting him stay on as chair, promoting Carey to CEO.http://www.bloomberg.com/news/2011-07-18/news-corp-said-to-consider-naming-chase-carey-as-ceo-suceeding-murdoch.html

Meanwhile, the independent directors of News Corp. are lawyering up.
http://www.independent.co.uk/news/business/news/news-corp-directors-rally-support-behind-murdoch-family-2317129.html

Bloomberg pundits parse the Murdochs' testimony, saying stock rallied, James has positioned himself well for succession, and that we should buy News Corp. stock.

Who thinks James was gunning for succession in that appearance? After all the speculation about how he's going to have to step up to possible criminal charges for the L700K settlement payout to one of the hackers.

Profile

purejuice: (Default)
purejuice

January 2012

S M T W T F S
1234567
891011121314
15161718192021
22232425262728
293031    

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Oct. 24th, 2017 01:53 am
Powered by Dreamwidth Studios