Rupert Murdoch Drops Himself In It
Rupert Murdoch “is not a fit person to exercise the stewardship of a major international company”, MPs have said. I’m not going to argue with that, as I don’t have the detailed evidence. However, I do know from the personal recollection of a friend of mine, who did a bit of business with Rupert, that he very much takes all the decisions.
So the buck stops with Mr. Murdoch! Unfortunately, there was no system of checks and balances to make sure he took the right decision!
Perhaps we need a rule, that all senior people in public companies are not above a certain age.