Thursday, February 26, 2009

Elisabeth Murdoch declines News Corp. board seat


Following is a letter sent to the Editor of the Financial Times:
Sir,

It is incredible to see a grown company ("A generation gap for the Murdochs" Financial Times February 25 2009), a major international corporation, listed in major international stock exchanges with many shareholders, professional and otherwise, in a debate about which brother or sister is going to take over from daddy!

Onésimo Alvarez-Moro

See article:
Sources say Rupert's TV producer daughter declined spot on News Corp.'s board

In the weeks that Rupert Murdoch was locked in unsuccessful negotiations to keep his longtime No. 2 at News Corp., the media baron also had to accept his daughter Elisabeth's decision to turn down a spot on the company's board, sources told Fortune.

Murdoch's interest in having Elisabeth rejoin the family business adds to the palace intrigue surrounding president Peter Chernin's pending departure and the question of who will eventually run the globe-spanning media conglomerate Murdoch assembled and controls through a 37% voting interest.

See full Article.