Tags: news | corp | board | backs | murdoch

News Corp. Directors Back Murdoch

Monday, 18 Jul 2011 10:13 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
News Corp. independent directors are fully behind Rupert Murdoch and his management team and are not drawing up plans to promote Chief Operating Officer Chase Carey to the position of CEO, a board member told Reuters on Monday.

The board member and another person familiar with the company's plans also denied a Bloomberg report that suggested the board is considering replacing Murdoch depending on his performance before the British Parliament on Tuesday. The report said the News Corp board met on Monday to discuss replacing Murdoch but both people denied this.

"There was no meeting of independent directors. This board totally supports the top management. We're united behind him," the board member said.

The second person said the board has had a succession plan in place for some time and it regularly reevaluates those plans. "Suggestions that a plan is being accelerated or implemented are inaccurate," the person said.

Carey, a 23-year News Corp. veteran and long-time lieutenant of Rupert Murdoch, is favored by investors in the United States to take control of the business if Murdoch, 80, stands down.

Until a phone hacking scandal at News Corp's UK papers started escalating over the past three weeks, James Murdoch, who is deputy chief operating officer, had been seen as his father's successor.

News Corp was not immediately available for comment.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Newt: What Would Reagan Do to ISIS?

Saturday, 30 Aug 2014 13:04 PM

Instead of merely criticizing President Barack Obama's lack of an effective national security policy, it might be helpfu . . .

McCain, Graham: President's Lack of ISIS Strategy Startling and Dangerous

Saturday, 30 Aug 2014 12:42 PM

President Barack Obama's admission that he has no strategy for dealing with the Islamic State (ISIS) is not only startli . . .

Obama May Delay Immigration Action Until After Midterms

Saturday, 30 Aug 2014 11:12 AM

President Barack Obama may delay executive action on immigration until after the November midterm elections as Democrats . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved