Crouching Tiger, Flying Murdoch
I had no desire to steal the Daily Beast headline, but I cannot resist the temptation to give it a wider audience, hence, I ask the forgiveness of the original writer.
Always wondered—why conservative men, who preach family values and claim to set the standard of morality, dump their faithful wives in old ages and marry younger women! And more often, they don’t just stop there, the keep on dumping the younger ones until they find the ‘one perfect’—what is the definition of that perfect ones?
Yesterday however, I found my answer.
I was watching the live proceedings of Rupert and his son James Murdoch’s testimony in British Parliament as it was being broadcast on BBC World Television —about which you can read here.
It was no surprise that when it came to most crucial decisions that had serious impact on their business, none of the Murdoch’s knew anything! Of course, they are the king and prince charming of a billion dollar media industry that employs over 55,000 people globally. How can they know about each and every minor detail about company operation?
Trouble is, those questions were neither minor, nor insignificant—those were indeed the bedrock operative principles on which the Murdoch kingdom lived. Those questions were related to out of court settlements in millions of dollars, for activities that were absolutely illegal. And both the king and the prince did not know about them? What did Rupert Murdoch talked with his News Of The World Editor on every Friday, before publication of the news paper?
This is what intrigues me, whenever major illegal activities are discovered of any major corporations, the top honchos know nothing of. What do they know, then? If they do not know every detail of the incidents that caused them to belly up millions of dollars, how do they justify the big bucks? If the CEOs are so brilliant that no corporation can run without them, and that is why they are paid in a day what most people do not even earn in their lifetimes, how do they justify their earnings?Continued on the next page