Tuesday, July 19, 2011

As the Rupert turns

How bad is this scandal for Rupert Murdoch?

The Wall Street Journal (which he owns) speculates he may step down as CEO
.

The News Corp Board of Directors had to issue a vote of confidence, even though they are firmly in his back pocket.

Because...

The stock is sliding so fast, the family itself has already lost a billion dollars
.

Other than that, things are going pretty well for him.

No comments:

Post a Comment