Rupert Murdoch to depart as chair of News Corp before 2012

Will Rupert Murdoch depart as chair of News Corp before 2012?

[www.ipredict.co.nz]



Edited 1 time(s). Last edit at 07/19/2011 12:14PM by admin.

Going?

[www.bloomberg.com]

If you read the article carefully:

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

"Murdoch would remain chairman, the people said."

The contract says:

"This contract pays $1 if Rupert Murdoch, or a person suitably authorised, announces, before 2012, his departure from his position as chairman of News Corporation."