CJR reporting:
Rupert Murdoch’s board of directors was in the spotlight a bit yesterday, with stories in The Daily Beast and The Wall Street Journal looking at how bogus its claims of independence are.
The Journal gets some sharp critics on the record but undermines that by granting anonymity to board members to talk about how “very comfortable” they are with their independence. Either they can go on the record or they can not be quoted. The Beast writes that Murdoch’s stacked board shows how “at News Corp., despite an org chart that spans continents, oversight is concentrated at the very top—and even there, it isn’t very thorough.”
But Geoff Colvin of Fortune wrote the best piece on News Corporation’s board a week ago, and it’s worth revisiting it.
Colvin gets to the heart of why Rupert Murdoch has ultimate responsibility for what happened at the News of the World: News Corp. is Murdoch and Murdoch is News Corp.—there’s no separating the two (the fact that Rupert himself recently said the exact opposite is all the assurance you need of that).
http://www.cjr.org/the_audit/rupert_murdoch_and_the_corpora.php
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