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Rupe Out As News Corp. CEO?
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.
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.