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In Rift Between Murdochs, Heir Becomes Less Apparent

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n2doc Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-11 05:51 AM
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In Rift Between Murdochs, Heir Becomes Less Apparent
By JEREMY W. PETERS
Published: October 18, 2011

LONDON — It was a striking display of unity: Rupert and James Murdoch, father and son, walking side by side through central London as they faced a crisis that had laid siege to their company. Pushing through a crush of paparazzi on a street not far from Buckingham Palace, James reached out to place a reassuring hand on his father’s back.

But behind that facade, the disclosure of widespread phone hacking at News Corporation’s British newspaper division was only the latest and most serious episode to test a father-son relationship that has frayed over the last few years, leaving both men at times not even on speaking terms. And that rift, which has been known only to those closest to the company, has opened up a question central to Rupert Murdoch’s legacy — can one of his children ever take the helm of his $62 billion media giant?

Their disagreements, which were described in detail by more than half a dozen former and current company officials and others close to the Murdochs, stemmed in large part from the clashing visions of a young technocratic student of modern management and a traditionalist who rules by instinct and conviction. The tension grew worse as the gap between the New York headquarters and James’s London operations, where he oversees the company’s European and Asian holdings, proved difficult to bridge.

The elder Mr. Murdoch reached his boiling point last winter, said one of the former officials, and delivered a blunt ultimatum to his son.

“You’re coming back to New York, or you’re out.”

http://www.nytimes.com/2011/10/19/business/media/murdochs-infighting-clouds-future-of-news-corp.html
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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-11 06:41 AM
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1. Don't be surprised if he leaves the entire empire to his current wife, Wendi Deng.
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Darth_Kitten Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-11 07:00 AM
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2. He'd open up a huge can of worms doing that.
Edited on Wed Oct-19-11 07:00 AM by Darth_Kitten
That woman is disgusting.
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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-11 07:07 AM
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3. Yep
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DCKit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-11 07:14 AM
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4. But you've got to admit, it'd be entertaining as hell.
There's probably going to be one hell of a fight anyway.
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Darth_Kitten Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-11 04:57 PM
Response to Reply #4
5. The dirt that will fly then.
:popcorn:

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