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Owner59 -> Murdoch facing ouster as CEO of Newscorp,his own company. (7/18/2011 7:12:52 PM)
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That`s what happens when you sell shares.You lose a little control for a little money.
But since murdoch`s stock/reputation is losing value quickly,the others want to cut their loses and kick his ass out.
It`s very possible.
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http://www.huffingtonpost.com/2011/07/18/rupert-murdoch-news-corp_n_901478.html
"Rupert Murdoch's Control Of News Corp Under Threat"
"Independent directors of News Corp. are beginning to discuss whether or not Rupert Murdoch can stay on as the CEO of the company he founded and has almost completely dominated, Bloomberg is reporting.
Murdoch has been at the head of News Corp and its Australian predecessors since 1952, and he and his family have maintained an iron grip on the company ever since. Yet, citing two anonymous sources, Bloomberg writes that people within the company "have begun questioning the company’s response to the crisis and whether a leadership change is needed."
Despite his making move after move to contain it, the phone hacking scandal surrounding Murdoch shows no signs of letting up. If anything, the scandal has only gotten worse, as it has engulfed Scotland Yard and threatens Murdoch's American holdings. In addition, Murdoch, his son James and his former top British deputy Rebekah Brooks all face what is sure to be a highly uncomfortable session before Parliament on Tuesday, in which their collective claim not to have known about the massive phone-hacking operation at their biggest British newspaper will be put to the test."
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