I have a novel idea. This is a major, New York Stock Exchange-listed company. Why not pick the most qualified candidate?
A News Corporation spokesman was quoted as saying: "Rupert has said he plans on staying as chairman as long as he is mentally and physically fit to do so." Shame he didn't think to say "as long as the majority of shareholders want him to".
OAM
See article:
Rupert Murdoch's oldest son, Lachlan - considered by many to be his heir apparent - resigned yesterday from his job at the News Corporation amid apparent family discord, adding a new twist to one of the business world's most closely watched succession chronicles.
The decision by Lachlan, 33, to step down leaves just one of Rupert Murdoch's four adult children, James, in an executive position at the company, making him the clear front-runner to one day succeed his father. James, 32, runs British Sky Broadcasting, the satellite television service that is 34 percent owned by the News Corporation. Rupert Murdoch, 74, the chairman and chief executive of the News Corporation, has made clear that he would like one of his children to succeed him.
See full Article. Also, see: Interest Is Now Turning Toward Younger Murdoch (free registration required for both).
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