Wednesday, May 2, 2012

News Corp board backs Murdoch's 'fitness'




NEW YORK (AP) — News Corp.'s board of directors is giving its "full confidence in Rupert Murdoch's fitness" and backing his leadership of the company into the future amid a probe of phone hacking and bribery by the company's U.K. newspapers.

Wednesday's declaration — from a board that governance experts have said lacks independence — comes a day after a British parliamentary committee said Murdoch was "not a fit person" to head a major international company.

The 81-year-old Murdoch built News Corp. from a single Australian newspaper and controls the media conglomerate through a family trust.

He has come under fire by British lawmakers after two appearances before them since the scandal broke last summer.



Source & Image : Yahoo

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