Mendoza School of Business

Murdoch won’t leave News Corp.

Published: July 19, 2011 / Author: Aaron Smith

News Corp. CEO Rupert Murdoch told members of the British Parliament on Tuesday
that he will not step down from his place at the helm.

“No,” said Murdoch, when asked during testimony if he would relinquish
control of his company in the wake of a phone hacking scandal. “I’m the best
person to clean this up.”

Murdoch blamed the wrongdoing on others. “They let down the company, me, and
it’s for them to pay,” he said.

Earlier on Tuesday, News Corp. denied reports that Chief Operating Officer
Chase Carey is set to replace Rupert Murdoch as CEO of the media conglomerate
troubled by a phone hacking scandal.

“As you would expect, the Board [of Directors] has had a plan in place for
some time and it regularly re-evaluates those plans,” a senior News Corp.
official told CNN. “Suggestions that a plan is currently being accelerated or
implemented are inaccurate.”

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Story also appeared in Gulf Daily Magazine and WIBW



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