Rupert Murdoch Not Fit To Run Major Company, says UK Lawmakers (Video)

By on May 1, 2012 in Business, Europe, International, Politics, World Comments

Rupert Murdoch was described by a British parliamentary committee as unfit to run a major international company, according to reports by several international news sites on Tuesday, May 1, 2012.

Reports say that lawmakers were asking Murdoch to take responsibility in the News Corp. fiasco.

The 81-year-old News Corp Chief Executive together with his son, James, was accused by lawmakers of failing to act accordingly on the problems uncovered in the News Corp.

Rupert Murdoch is not fit to handle a major international company according to UK lawmakers
Video Credit: CNN

Below is an excerpt from the UK lawmakers’ 85-page report.

News International and its parent News Corporation exhibited willful blindness, for which the companies’ directors — including Rupert Murdoch and James Murdoch — should ultimately take responsibility.

Their instinct throughout, until it was too late, was to cover up rather than seek out wrongdoing and discipline the perpetrators.

Even if there were a ‘don’t ask, don’t tell’ culture at News International, the whole affair demonstrates huge failings of corporate governance at the company and its parent, News Corporation.

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