Crouch Beds
“Rupert Murdoch is not a fit person to exercise the stewardship of a major international company”, couldn’t have said it better myself. Fox News should lose their broadcast license, and News Corporation should lose their corporate charter. If corporations are “people”, they should suffer the same penalties…
LONDON — A damning report on the hacking scandal at Rupert Murdoch’s British newspapers concluding that Mr. Murdoch is “not a fit person” to run a huge international company has convulsed Britain’s political and media worlds and threatened a core asset of Mr. Murdoch’s American-based News Corporation.
The parliamentary report, issued Tuesday, found that three senior Murdoch executives misled Parliament in testimony. It also alleges that the company sought to cover up widespread phone hacking that Mr. Murdoch’s News of the World, a tabloid newspaper now shut down, used to gather information about politicians, celebrities and other people in the news.
It has opened deep divisions between the main political parties, accentuated the challenge Prime Minister David Cameron faces in explaining his past ties to Mr. Murdoch and some of his top executives in Britain, and added new momentum to regulators’ scrutiny of Mr. Murdoch’s controlling interest in the British Sky Broadcasting network, or BSkyB, which is one of the most lucrative Murdoch investments.
It also offers new details that suggest further damaging revelations may lie ahead. Sprinkled through its 121 pages are tantalizing references to potentially damaging sealed documents in dozens of lawsuits from the scandal, and an audio recording in police hands of a conversation between two News of the World journalists that may implicate an unnamed Murdoch executive.
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The members of Parliament rejected the defense of Mr. Murdoch, 81, that his executives kept him in the dark about the hacking, saying he “exhibited willful blindness to what was going on in his companies and publications.”
It said the use of illegal reporting methods and the efforts to thwart inquiries into the practice came from a culture that “permeated from the top throughout the organization and speaks volumes about the lack of effective corporate governance at News Corporation and News International,” its British newspaper subsidiary.
“We conclude, therefore, that Rupert Murdoch is not a fit person to exercise the stewardship of a major international company,” the report said.
(click here to continue reading British Panel Criticizes Rupert Murdoch Over Hacking Scandal – NYTimes.com.)