Murdoch Struggles for Control as Scandal Grows

[cal04]

http://www.bloomberg.com/news/2011-07-17/murdoch-struggles-to-control-news-corp-.html

News Corp. (NWS)’s Rupert Murdoch is struggling to control the destiny of the company he began building six decades ago after a trusted deputy was arrested and a top U.K. police official quit over ties to a phone-hacking suspect.

Independent directors of New York-based News Corp. (NWSA) have begun questioning the company’s response to the crisis and whether a leadership change is needed, said two people with direct knowledge of the situation who wouldn’t speak publicly. Rebekah Brooks, the former News International chief who Murdoch backed until last week, was arrested yesterday in London.

“The shell of invulnerability that Rupert Murdoch had around him has been cracked,” said James Post, a professor at Boston University’s School of Management who has written about governance and business ethics. “His credibility and the company’s credibility are hemorrhaging.”

(snip)
On the board, venture capital executive Tom Perkins and Viet Dinh, a law professor at Georgetown University who was the chief architect of the USA Patriot Act, are leading the efforts of independent directors, according to one of the people. Dinh also represented Perkins, a former Hewlett-Packard Co. director, during a scandal at that company.

[WCGreen]

1. Now they are hemorrhaging...

It took hacking into peoples cell phone message to expose this racketeer disguised as a journalist.

[donco]

2. Kinda reminds me when the

Curtain was opened in the land of OZ.

[OffWithTheirHeads]

3. These people make J. Edgar look like a lightweight.

Surreptitiously dig the dirt and use it to blackmail yourself an empire.
This monster needs his head stuck on a pike.

[procon]

4. A mere coincidence?

It's interesting to me that the "chief architect of the USA Patriot Act", with all its clandestine wiretapping, is now a News Corp board member.

[Uncle Joe]

5. Kicked and recommended.

Thanks for the thread, cal.:thumbsup:

[Stuart G]

6. I like this line from the article.......

“His credibility and the company’s credibility are hemorrhaging.” ....

I hope he bleeds from London to Syndney