Pages

Tuesday, July 19, 2011

News Corp. board is silent

The New York Times' Dealbook blog says News Corp.'s board's independent directors "have remained silent amid the widening scandal at Rupert Murdoch’s media empire."

Is this a surprise?

Nobody buys into this company without knowing it's run according to Rupert Murdoch's pleasure, just as nobody buys into Apple without knowing Steve Jobs calls the shots. The boards are window dressing. The difference is, Murdoch is now vulnerable.

No comments:

Post a Comment