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Developing: Rupert Murdoch Considers Stepping Down As Head Of News Corp., COO Chasey Carey To Replace Him

Tyler Durden's picture





 

Some breaking news out of Bloomberg TV which has just announed that Rupert Murdoch may step down as CEO of News Corp. contingent on his perfomance before parliament tomorrow, and that News Corp COO Chase Carey is being considered as his replacement.

Here is what is known so far:

News Corp. (NWSA) is considering elevating Chief Operating Officer Chase Carey to chief executive officer, succeeding Rupert Murdoch, people with knowledge of the situation said.

A decision hasn’t been made and a move depends on Murdoch’s performance before Parliament Tuesday, said the people, who weren’t authorized to speak publicly. Murdoch would remain chairman, the people said.

Executives are concerned Murdoch, 80, won’t do well answering questions, two people said.

Watch the latest developments here.

 


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Mon, 07/18/2011 - 20:06 | Link to Comment IQ 145
IQ 145's picture

 God I'm tired of living in the same world with  that asshat; and no I don't want to leave it, but I wish he would "retire".

Mon, 07/18/2011 - 20:16 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

We should start a, "old men I would not mind if they died list".

-  Warren Buffett

-  Jimmy Carter

-  Fidel Castro

-  Rupert Murdoch

-  Yasser Arafat (oh, wait)

-  Dick Cheney

Would the world really be worse?  I know I will take flack for the Carter pick but he really just needs to shut up and go away. 

Mon, 07/18/2011 - 20:50 | Link to Comment Careless Whisper
Careless Whisper's picture

I'm glad they picked Chevy Chase, I think he's a great choice.

http://www.youtube.com/watch?v=XI_9Yxr0blo

 

Mon, 07/18/2011 - 21:35 | Link to Comment KeyserSoze
KeyserSoze's picture

Aww, Jimmy Carter. He's a nice guy.

Take him out and replace him with Henry Kissenger.... the man with satans voice.

Tue, 07/19/2011 - 08:29 | Link to Comment snowball777
snowball777's picture

Less Satan, more Harvey Fierstein after a cock binge.

Mon, 07/18/2011 - 22:51 | Link to Comment gall batter
gall batter's picture

for so long, Cheney was all over the place, vocal about the current administration. haven't heard anything  from him or about him in months.  the grim reaper may have a hand around Cheney's neck. 

Mon, 07/18/2011 - 20:07 | Link to Comment Alcoholic Nativ...
Alcoholic Native American's picture

Murdoch needs to be double tapped.

Mon, 07/18/2011 - 20:17 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

By two guys named Snake and Hacksaw in Attica. 

Mon, 07/18/2011 - 20:07 | Link to Comment ThisIsBob
ThisIsBob's picture

He's dirty.

 

The brilliant head of a prosperous news empire doesn't know how his people get their stories?  Right.

Mon, 07/18/2011 - 20:18 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

What are the odds that this guy isn't a micro-manager that has had his fingers smack dab in the middle of this cookie jar?  I would guess about ten million to one.  It gets so old when this is always the defense.

"I didn't really know what they were doing."
-  Ken Lay

Mon, 07/18/2011 - 20:53 | Link to Comment wisefool
wisefool's picture

Michelle Bachman is the figurative head of the tea party.

Tea party http://en.wikipedia.org/wiki/Boston_Tea_Party

One of the most popular LL.M. degrees in the United States is tax lawhttp://en.wikipedia.org/wiki/Tax_law

She would glady put on a red coat, and she did when she was an IRS agent. But the tea partiers are umm, mental midgets and can not wear the uniform themselves. They also might need gay people to combine adjusted gross income, but that is not my business. (literally or figuratively)

Also, the GenX/GenY people might not understand but Rupert Murdoch got a shit load of tax money from the few liberal tax payers that exist (net tax, bureaucrats don't know how to count, hence the debt debate)

Also, Planned parenthood gets a shitload of money. And Bill would have impregnated that girl, but he did not have sex with her.

Pay your taxes, bitches! We need to make sure that Bubba's male genes die with DSK. "The great seducer"

 

*I do not endorse anarchy or violence. But I think Shakespeare was onto something. I'll bet Zero hedge a Silver Dollar that Bachmann works for Fox News before this is over.

</rant> Beam me up Scotty. Hack my cell phone if you have to augment the signal.

Tue, 07/19/2011 - 08:30 | Link to Comment snowball777
snowball777's picture

I have no idea what they do, but my leadership is crucial and justifies my inflated salary.

Mon, 07/18/2011 - 20:07 | Link to Comment Joe Sixpack
Joe Sixpack's picture

I hope that "...so he can spend more time in his garden..." is not part of the reason.

Tue, 07/19/2011 - 08:31 | Link to Comment snowball777
snowball777's picture

As long as he spends that time as fertilizer, I'm okay with it.

http://www.youtube.com/watch?v=GssGstMvpdU

Mon, 07/18/2011 - 20:07 | Link to Comment Mae Kadoodie
Mae Kadoodie's picture

Not good enough.  How about he gives his voting shares to charity.

Mon, 07/18/2011 - 20:21 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

If he gives them to ACORN we might just know what is really going on. 

Mon, 07/18/2011 - 20:33 | Link to Comment Alcoholic Nativ...
Alcoholic Native American's picture

you sir just made me a little more retarded.

Mon, 07/18/2011 - 20:11 | Link to Comment FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Stepping down!? I heard he died of palladium poisoning! (Apparently he tried eating gold first, but discovered you can't eat gold).

Mon, 07/18/2011 - 20:11 | Link to Comment SilverIsKing
SilverIsKing's picture

I think he'll do well. At least as well as Bernanke. Ok, not so well.

Mon, 07/18/2011 - 20:14 | Link to Comment kennard
kennard's picture

... so says his competitor, Bloomberg

Mon, 07/18/2011 - 23:34 | Link to Comment i-dog
i-dog's picture

+1

Mon, 07/18/2011 - 20:14 | Link to Comment poor fella
poor fella's picture

Like Putin did?

Mon, 07/18/2011 - 20:15 | Link to Comment kennard
kennard's picture

Mon, 07/18/2011 - 20:20 | Link to Comment poor fella
poor fella's picture

Citigroup analyst Bazinet, "News Corp. too compelling to ignore! No major risks."

Mon, 07/18/2011 - 20:24 | Link to Comment Heroic Couplet
Heroic Couplet's picture

Rupert, don't let the gate bang your butt on your way out. Take the birth certificate, the mosque in New York City funded by your buttcheeked business partner Alwaleed bin Talal, and your Republican mantra you that tax cuts create jobs in the US. Good riddance.

Mon, 07/18/2011 - 20:34 | Link to Comment Gromit
Gromit's picture

Happens to us all. Rupert's game is deteriorating a little. Hope I last in the arena till 80 myself.

Mon, 07/18/2011 - 20:45 | Link to Comment Space Potato
Space Potato's picture

Fuck right! The truth may have scored a point today. One squid down, 12 more to go.Good riddance indeed. Now where's that "Murdoch for Prez." chick. No, not a chick? Well don't put an anarchy symbol inside a heart. F-ing troll. Sorry, whatever that is, is an abomination. 

 

Mon, 07/18/2011 - 20:49 | Link to Comment francis_sawyer
francis_sawyer's picture

Oh great... another "Chase" moves up in the world

Mon, 07/18/2011 - 20:50 | Link to Comment TrustWho
TrustWho's picture

...he can say: "at the moment, I can't recall" and he will be telling the truth!

Mon, 07/18/2011 - 20:53 | Link to Comment RiverRoad
RiverRoad's picture

So what is the politics behind all of this:  Wiki Leaks, IMF, Murdoch?  Hell of a lot of "stuff" transpiring here lately......Must be a common thread somewhere.   Everybody's in cuffs and Obama's smilin' ear to ear.  Care to suss that out for us Tyler?

Mon, 07/18/2011 - 20:53 | Link to Comment RiverRoad
RiverRoad's picture

So what is the politics behind all of this:  Wiki Leaks, IMF, Murdoch?  Hell of a lot of "stuff" transpiring here lately......Must be a common thread somewhere.   Everybody's in cuffs and Obama's smilin' ear to ear.  Care to suss that out for us Tyler?

Mon, 07/18/2011 - 21:19 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

this guy is so classy, maybe he'll do the press conference from the tower of london...

Mon, 07/18/2011 - 21:53 | Link to Comment KeyserSoze
KeyserSoze's picture

Maybe someone should waterboard and torture Rupert Murdoch to get the needed info, he does after all advocate the use of such methods and believes they work.

....No?

Mon, 07/18/2011 - 22:54 | Link to Comment gall batter
gall batter's picture

no, no torture for anyone. accountability.  

Tue, 07/19/2011 - 01:53 | Link to Comment Peter K
Peter K's picture

And his replacement will be: George "Spooky Dude" Soros.

Tue, 07/19/2011 - 03:14 | Link to Comment UnpatrioticHoarder
UnpatrioticHoarder's picture

Wouldn't phone hacking be a fantastic way to gather inside information? Seems like there is a hell of a lot more to this scandal. Think of the big money and careers at stake. There has already been a "suicide". The stakes are HUGE.

Tue, 07/19/2011 - 03:39 | Link to Comment i-dog
i-dog's picture

That's what the CIA (and MI6, and Mossad, and KGB, and Sécurité, and.......) are for. Murdoch doesn't hack phones ... his reporters and their paid outside contractors did all the hacking ... so if anyone should 'step down', it should be the reporters.

Mon, 07/25/2011 - 00:47 | Link to Comment hazeL
hazeL's picture

Maybe Rupert Murdoch can't do the hacking all by himself if it's really true that he's involved. If he really does, then, there should be some other people who did the hacking with him and those individuals should be investigated too but the news that surrounds now isn't about this man anymore but about his very loving wife. Through parliamentary hearings for the News of the Globe cell phone hacking problem, 80-year-old Rupert Murdoch was attacked by a man carrying a shaving cream pie. But Murdoch's wife wouldn't let the attacker get away with it. Wendi Deng, 42, released an urgent counter-offensive against the man who would smear her spouse in his darkest hour. Her damaging left hook, right-handed palm hit and burning nature have catapulted Deng to the name of “Tiger Mom,” replacing writer Amy Chua's stern matriarch. I found this here: Tiger Mom Wendi Deng smacks down Murdoch cream pie assailant.

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