How bad is this scandal for Rupert Murdoch?
The Wall Street Journal (which he owns) speculates he may step down as CEO.
The News Corp Board of Directors had to issue a vote of confidence, even though they are firmly in his back pocket.
Because...
The stock is sliding so fast, the family itself has already lost a billion dollars.
Other than that, things are going pretty well for him.
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Tuesday, July 19, 2011
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