General News
FONT-SIZE Plus   Neg
Share SHARE

News Corp Board Backs Rupert Murdoch

The board of directors of News Corp on Wednesday expressed full confidence in Rupert Murdock's ability to continue leading the company as its chairman and CEO, just a day after a British parliamentary panel investigating a hacking scandal said he was not fit enough to lead a major international company.

In a statement issued after a meeting, the News Corp. board announced "its full confidence in Rupert Murdoch's fitness and support for his continuing to lead News Corporation into the future as its chairman and CEO."

"The board based its vote of confidence on Rupert Murdoch's vision and leadership in building News Corporation, his ongoing performance as chairman and CEO, and his demonstrated resolve to address the mistakes of the company identified in the select committee's report," the statement added.

A day earlier, a group of British lawmakers said in a report that Rupert Murdoch is "not a fit person" to lead a major international company because he "turned a blind eye" to the phone hacking scandal of one of his tabloids.

In its report released Tuesday, the 11-member British parliamentary panel said Murdoch's company had misled Parliament about the level of phone hacking at News International, a British newspaper division of News Corp.

Parliament's Culture, Media and Sport committee said in the report News International deliberately ignored and covered up evidence of malpractice, as well as complicated efforts to expose wrongdoing. But the panel acknowledged that Murdoch and his son James, who have both been criticized for not getting to the bottom of the hacking scandal, did not lie to parliament.

The lawmakers concluded in their report that "Rupert Murdoch is not a fit person to exercise the stewardship of a major international company" if it was true that he had "turned a blind eye and exhibited willful blindness to what was going on in his companies."

Ever since the scandal surfaced, Murdoch has repeatedly claimed that he was unaware of the level of hacking taking place at his tabloid, News of the World. He has also blamed some employees for keeping him in the dark.

The 168-year-old News of the World tabloid was closed down last July after the hacking of voicemail messages of celebrities and victims of crime, including murdered schoolgirl Milly Dowler, was uncovered.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus