Saturday, August 1, 2020

The James Murdoch Resignation at News Corp

James Murdoch (47), on Friday, announced his resignation from the core of his father's global media empire.

Specifically, he resigned from the board of the newspaper publisher News Corp, severing his last corporate tie to the companies founded by his father Rupert Murdoch.

The resignation leaves 89-year-old  Rupert and Janes's older brother, Lachlan (48), in charge.

It is somewhat of a victory against leftism and political correctness. James was the lefty amongst them.

His resignation letter stated:
My resignation is due to disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions.
James with his wife recently contributed more than $1 million to a fund-raising committee for  Joe Biden.

He will not be hurting for cash. When the Murdoch family sold large parts of their entertainment unit to Walt Disney Co., including  21st Century Fox, James walked away with $2 billion.


No comments:

Post a Comment