writes: "Murdoch ‘unfit’ to run major corp: MPs
Rupert Murdoch is “not a fit person” to lead a major global corporation and his son James showed “wilful ignorance” about the extent of telephone hacking at the former News of the World, a British parliamentary report has found.
The report, which is described as devastating, accuses News Corp of "huge failings of corporate governance" and that throughout its instinct had been "to cover up rather than seek out wrongdoing and discipline the perpetrators". The report also accuses James Murdoch’s predecessor, Les Hinton, News of the World’s veteran in-house lawyer Tom Crone and former News of the World editor Colin Myler of deliberately misleading Parliament.
“Everybody in the world knows who is responsible for the wrong-doing at News Corporation: Rupert Murdoch,’ Mr Watson said. “More than any individual alive he is to blame, morally the deeds are his. He paid the piper and called the tune. It is his company, his culture, his people, his business, his failures, his crimes, the price of profits and his power.”
This is not just a British story, there are possible violations of the Foreign Corrupt Practices Act."