Heads Should Roll At Sony, Sears Holding, And News Corp. – Forbes
Then, there’s the long-suffering shareholders of News Corp., who have never made any real long term investment gains following Rupert Murdoch. This stock is for the gossip columns to feast off; who is turning whom in, when the son will have to resign and never inherit the throne. Here comes professional management. Here comes the rationalization of the empire. What is striking is that for all of Murdoch’s brilliant boldness and utter guts and determination– as in the creation of the 4th network, which I heard him predict one spring day in 1985, and passed on to Andrew Neil, editor of the Sunday Times– for all this climb to descend is a synopsis we had all better soberly learn from.