This article is from the source 'nytimes' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.nytimes.com/2015/06/12/business/media/rupert-murdoch-ceo-21st-century-fox-james-murdoch.html
The article has changed 7 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Rupert Murdoch Expected to Hand Reins of 21st Century Fox to Son James | Rupert Murdoch Expected to Hand Reins of 21st Century Fox to Son James |
| (about 1 hour later) | |
| Rupert Murdoch, the 84-year-old chief executive of 21st Century Fox, is planning to hand over the reins of the media conglomerate to his son James, two people briefed on the plans said on Thursday. | Rupert Murdoch, the 84-year-old chief executive of 21st Century Fox, is planning to hand over the reins of the media conglomerate to his son James, two people briefed on the plans said on Thursday. |
| James Murdoch is expected to take over as chief executive, and the elder Mr. Murdoch will remain at the company as executive chairman. Another son, Lachlan, is moving from Australia to Los Angeles to become co-executive chairman, the people, who spoke on condition of anonymity, said. | James Murdoch is expected to take over as chief executive, and the elder Mr. Murdoch will remain at the company as executive chairman. Another son, Lachlan, is moving from Australia to Los Angeles to become co-executive chairman, the people, who spoke on condition of anonymity, said. |
| The exact timing for the changes is unclear, but it is said to be part of Mr. Murdoch’s long-term succession planning with the board. The changes are expected to be discussed at a board meeting next week, one person said. | The exact timing for the changes is unclear, but it is said to be part of Mr. Murdoch’s long-term succession planning with the board. The changes are expected to be discussed at a board meeting next week, one person said. |
| As part of the reorganization, Chase Carey will step down from his role as chief operating officer at Fox and work as an adviser to the company. Mr. Carey, widely respected on Wall Street, is said to have played an integral role in the succession plans and has built flexibility into his contract with Fox to ease the transition, one person said. | As part of the reorganization, Chase Carey will step down from his role as chief operating officer at Fox and work as an adviser to the company. Mr. Carey, widely respected on Wall Street, is said to have played an integral role in the succession plans and has built flexibility into his contract with Fox to ease the transition, one person said. |
| “The matter of succession is on the agenda at our upcoming, regularly scheduled board meeting,” Nathaniel Brown, a Fox spokesman, said in a statement. | “The matter of succession is on the agenda at our upcoming, regularly scheduled board meeting,” Nathaniel Brown, a Fox spokesman, said in a statement. |
| The appointment to chief executive reflects a remarkable recovery for James Murdoch, 42, who was battered by the phone hacking scandal that engulfed the company while he oversaw the British businesses. Along with his father, he was called before Parliament to answer grueling questions and discuss embarrassing emails related to the hacking. James soon departed London for New York in an effort, those close to him said, to distance himself from the fallout and rebuild his reputation. | The appointment to chief executive reflects a remarkable recovery for James Murdoch, 42, who was battered by the phone hacking scandal that engulfed the company while he oversaw the British businesses. Along with his father, he was called before Parliament to answer grueling questions and discuss embarrassing emails related to the hacking. James soon departed London for New York in an effort, those close to him said, to distance himself from the fallout and rebuild his reputation. |
| The elder Mr. Murdoch put the succession plan in place in March 2014 when he named the two sons to senior positions in his companies. James was appointed co-chief operating officer at 21st Century Fox, and Lachlan, 43, became nonexecutive co-chairman of News Corporation and 21st Century Fox, returning to his father’s side after a nine-year absence. | The elder Mr. Murdoch put the succession plan in place in March 2014 when he named the two sons to senior positions in his companies. James was appointed co-chief operating officer at 21st Century Fox, and Lachlan, 43, became nonexecutive co-chairman of News Corporation and 21st Century Fox, returning to his father’s side after a nine-year absence. |
| The new development first was reported by CNBC. | The new development first was reported by CNBC. |
| The elder Mr. Murdoch is expected to continue to provide broad strategic oversight for the company and come into the office regularly, one person said. He is not ill, and he still appears to be energized, this person added. | The elder Mr. Murdoch is expected to continue to provide broad strategic oversight for the company and come into the office regularly, one person said. He is not ill, and he still appears to be energized, this person added. |
| The succession plans for Mr. Murdoch’s media empire have long been the subject of fevered speculation, with Lachlan Murdoch, James Murdoch and their sister Elisabeth considered by various people at various moments as the leading choice. | |
| Rupert and James Murdoch will be based in New York. Lachlan Murdoch will be based in Los Angeles. | Rupert and James Murdoch will be based in New York. Lachlan Murdoch will be based in Los Angeles. |