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Monday, July 18, 2011

SUCKER: News Corp May Boot Murdoch!

As News Corp continues to reel from the phone hacking scandal, its independent directors are wondering whether it’s time for a leadership change, insiders tell Bloomberg. The independent directors—who make up 9 seats of the 16-member board—complain that they’ve been given too little information about the scandal and that News Corp has responded too slowly. Murdoch himself seems to be “in denial” about possible repercussions, directors tell Bloomberg. 

The Guardian says daughter Elisabeth—who, unlike her father and brothers James and Lachlan, last week argued that Rebekah Brooks should resign—looks increasingly like the best family candidate to replace him. But the Guardian also notes that Murdoch biographer  Michael Wolff  said that Murdoch needs to face the uncomfortable reality that none of his kids may be considered competent enough to get the keys to the kingdom.

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