Rupert Murdoch might step down as News Corp CEO: report

Source: Raw Story
By Eric W. Dolan

News Corporation owner Rupert Murdoch might be replaced by Chief Operating Officer Chase Carey as CEO of the company, but still remain chairman, according to Bloomberg.

People with knowledge of the situation said that whether or not the 80-year-old Australian media mogul steps down as CEO depends in part on his performance before U.K.'s parliament.

Murdoch became embroiled in the phone hacking scandal thanks to his U.K. newspaper News of the World.

The tabloid closed down after an investigation revealed it had participated in the phone hacking of celebrities, British politicians, the families of terrorist attack victims, dead soldiers and others.

Rupert, his son James and former CEO of News International Rebekah Brooks are scheduled to give testimony before the House of Commons Select Committee on Culture, Media and Sport on Tuesday


More at: http://www.rawstory.com/rs/2011/07/18/rupert-murdoch-might-step-down-as-news-corp-ceo-report/

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Maybe Rupert and his whole organization vanish without a trace...