As everyone knows, Rupert Murdoch isn’t a spring chicken anymore. In fact, at 80 years old, he’s more like a winter rooster. So eventually the time will come when he has to name a successor to his News Corporation empire.
Most expect that person to be Murdoch’s son, James, who got everyone talking when he was promoted in late March. CNBC, however, has a different theory: If Murdoch steps down soon, Chief Operating Officer Chase Carey might takeover:
He [Carey] knows the company well, has worked with Murdoch closely, and he has the corporate experience, both at DirecTV, where he was CEO, and at News Corp, to run this kind of public company.
The great respect for Carey as an executive and operator provides even more reassurance to Wall Street that there will be consistency atop News Corp after Murdoch’s departure.
It’s an interesting idea, and one that makes plenty of sense, aside from one thing: Murdoch isn’t bothering with bringing all the family closer together than ever for nothing. If Murdoch needs to prolong his retirement to make sure James knows the ropes, he will. Much like the rooster, Rupert looks out for his flock.