ANOTHER Resignation! James Murdoch (Ruperts son) Steps Down As Executive Chairman Of News International

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ANOTHER Resignation! James Murdoch (Ruperts son) Steps Down As Executive Chairman Of News International

Posted By: Susoni
Date: Tuesday, 6-Mar-2012 16:13:49

Perhaps he is just taking the fall for Dear ol Daddy.. If so, he shall be rewarded in time.. Susoni ************************************************ James Murdoch has stepped down as executive chairman of News International, the British arm of News Corp., the company announced Wednesday. Murdoch, who was once seen as the heir apparent to his father Rupert at the head of News Corp., has now lost a key position within the company. News Corp. cast the move as stemming from James' recent relocation to New York from London, and Rupert Murdoch said his son would "continue to assume a variety of essential corporate leadership mandates." He will also remain as the deputy COO of News Corp. But the reshuffling will be widely seen as a reflection of James' deeply diminished stature following wave after wave of damaging allegations about his complicity in News Corp.'s still-simmering phone hacking scandal. That scandal has mushroomed into a full-blown nightmare for the company, with the persistent threat of serious prosecution hanging in the air. James has long denied having any knowledge of the widespread nature of phone hacking within the News of the World tabloid. But a series of testimonies and released documents have put him ever-closer to a crucial 2008 meeting in which the former editor and legal director of the paper have sworn he was informed that criminality had been out of control within the organization. More: http://www.huffingtonpost.com/2012/02/29/james-murdoch-steps-down-news-international_n_1309953.html