March 02, 2012
James Murdoch Steps Down at News International
by Robert Kropp
Christian Brothers Investment Services welcomes the move as a small first step, but calls for
additional corporate governance reforms at the media giant.
James Murdoch, the son of News Corp's Chairman and CEO Rupert Murdoch, resigned Wednesday from his
position of Executive Chairman of News International, whose corporate parent is the scandal-plagued
While Murdoch was in the position at the newspaper arm of the media
giant, he oversaw the closing of News of the World, at the time the largest Sunday newspaper in the
UK, in the aftermath of revelations that the news source had hacked into the phones of crime
victims and public figures. However, in an indication that severe corporate governance issues
persist at the company, James Murdoch will retain his role as chief operating officer of News Corp.