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Oh sweet sweet schadenfreude! Rupert Murdoch has lost $4 Billion in the market meltdown.

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Ganja Ninja Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-26-08 10:10 AM
Original message
Oh sweet sweet schadenfreude! Rupert Murdoch has lost $4 Billion in the market meltdown.
http://businesssheet.alleyinsider.com/loser-12-rupert-murdoch

Loser #12 Rupert Murdoch

LOSS: $4 billion

We have a feeling that Rupert Murdoch doesn't like to lose. The News Corp CEO has spent the past few years acquiring newspapers, film companies, television networks, and assorted other properties.

Unfortunately this year, Rupert did lose some of his assets. More specifically, $4 billion in NewsCorp stock, knocking his stake in his own company down to $3 billion.


:rofl:
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DefenseLawyer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-26-08 10:13 AM
Response to Original message
1. ARRRRRRRR! n/t
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MorningGlow Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-26-08 10:19 AM
Response to Original message
2. Meh. Chump change to him.
Send up a flare when he loses three times that and maybe I'll feel sorry for him. But it's not likely. :evilgrin:
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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-26-08 10:25 AM
Response to Reply #2
5. Yep. He has loose pallets of cash under his couch cushions.
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leftyladyfrommo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-26-08 10:19 AM
Response to Original message
3. So how many billions does he have left?
I lost thousands. And I don't have much left.

It must be nice to be so rich.
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GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-26-08 10:23 AM
Response to Original message
4. *snicker*
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earth mom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-26-08 10:29 AM
Response to Original message
6. Bet he wants a bailout too.
:puke:
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nc4bo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-26-08 10:29 AM
Response to Original message
7. Worst person in the wooooooooooooooorld-a. nt
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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-26-08 10:31 AM
Response to Original message
8. I hate to wish ill on anyone, but wouldn't you love to see Murdoch end up like.....
..... Randolph and Mortimer from the movie "Trading Places" ? Broke and busted, assets seized.


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peace frog Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-26-08 10:31 AM
Response to Original message
9. My heart bleeds
NOT. Given what he owns it's no insurmountable loss.

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onehandle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-26-08 10:34 AM
Response to Original message
10. He should have invested it in Obama merchandise. nt
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charlie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-26-08 10:38 AM
Response to Original message
11. Eh, he's still filthy with money
Save your condolences for Tom "Globalism rocks, just ask this bellhop from Bangalore!" Friedman.

His wife, a one-time heiress to a $3.6 billion family fortune, now has a claim on a mere $25 million stake. And her family holdings stand a chance of receding into negative territory. Tommy's days among the ultra rich have suddenly drawn to a close.
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annabanana Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-26-08 10:40 AM
Response to Original message
12. He needs to divest of a LOT of media outlets...
There is no way on EARTH that one man should have so much control over the magazine/newspaper/TV/radio/movie business...
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