let the lying begin....Murdochs Say Top Executives Didn't Know of Phone Hacking

[spanone]

LONDON — Rupert Murdoch and his son James appeared Tuesday before British lawmakers probing the phone hacking scandal that has seized public life, raising questions about the police, politicians and the media elite in the worst crisis to confront Prime Minister David Cameron.

“This is the most humble day of my life,” Mr. Murdoch senior said, speaking in a modest committee room with his words broadcast live around the world.

The testimony offered the remarkable spectacle of one of the world’s most powerful media magnates under the harsh spotlight of public scrutiny, sometimes seeming unfamiliar with the matters raised by the panel and frequently denying knowledge of them, while at the same time insisting that no one at their company had been “willfully blind.”

The Murdochs’ appearance preceded a separate appearance before Parliament’s select committee on culture, media and sport by Rebekah Brooks, who resigned four days ago as head of the Murdoch’s British newspaper group.

http://www.nytimes.com/2011/07/20/world/europe/20hacking.html?hp

[Sarah Ibarruri]

1. Nah! They only settled over and over with people for having hacked them but they didn't know nuthin

Bunch of lying assholes.

[Kingofalldems]

2. He is now on record and under oath.

[RKP5637]

3. Aware of all the details to make money, but ignorant of this. Makes no

sense to me. IMO just more lies and liars plus a delusional sense of truth. Just good old boys trying to make a living, lying, cheating all the way.

[jwirr]

4. So this huge company lets the peons run the show. How are we

supposed to believe that?

[City Lights]

5. More "out of the loop" executives.

Getting paid big bucks to keep their heads buried in the sand.

Where can I get a job like this? Anybody hiring?

[Shandris]

6. We can't limit executive pay because they're the smartest, most intelligent...

...most needed people on the entire corporate payroll. They're 'the smartest guys in the room'. They've spent a lifetime handling the affairs of big megacorporations, learning the ins and outs of personnel, finance, business, and multi-trillion dollar decisions.

They are also upstaged by any low-level worker who wants to hit 4 numbers on his phone.

Uh-huh.

Maybe if Murdoch and his crew (and maybe the Goldman-Sachs and Bear Stearns and all the other lying CEO's) get sentenced to 100-year+ sentences in pound-me-in-the-ass federal prison (or better yet, Riker's Island), then MAYBE we'll start to see a decline in corporate crimes.

Until then, I've said it once I'll say it again. "The cost of compliance is ALWAYS greater than the cost of the fine." Whether compliance is legal or regulatory, the statement holds true.