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Posts Tagged ‘James Murdoch’

Clean-Living James Murdoch to Run Fox Networks Group

James Murdoch hasn’t overseen a company that illegally hacked people’s phones for several months now, so of course he is getting a promotion. This is America, and that’s how we do things. Or at least that’s how the Murdoch’s do things. Get involved in a scandal? Get rewarded with a bigger job!

The Wall Street Journal reports that Murdoch — currently deputy chief operating officer of News Corp. — will oversee Fox Networks Group, which includes a slew of channels, including Fox, FX, and National Geographic. The only catch? Murdoch isn’t getting control of Fox News or Fox Business which will still be overseen by Roger Ailes.

We’re being serious when we say we can’t wait to see what Murdoch does with this new role.

Rupert Murdoch Takes Pay Cut, Still Rakes in $30 Million So He’s Probably Fine With It

The aftermath of the phone hacking scandal will be playing out in courts for years, but the now that News Corp. has announced its compensation packages for its 2012 fiscal year, we’re seeing how that situation financially impacted the company’s top dogs.

Bottom line? Their wallets barely felt the difference. Rupert Murdoch took a 10 percent pay cut, but still made $30 million; Chase Carey, News Corp.’s COO, made $24.8 million; Roger Ailes made $21.1 million; and James Murdoch grabbed a nice $16.8 million package.

Despite all of the execs — aside from Ailes, who saw his pay increase by 30 percent — taking a cut in pay, those are some healthy numbers. Imagine if the phone hacking scandal had never happened? We imagine they’d all be swimming in pools of $100s, not the shoddy $50 bills they must use now.

UK Panel: Rupert Murdoch is ‘Not Fit’ to Run Media Empire

The months of phone hacking investigations have concluded, and the result is this: Rupert Murdoch has done a lot of bad things. And that’s just us being nice. The report gathered by the British panel had a lot worse language in it.

Some choice cuts, according to The Guardian and The New York Times:

  • “On the basis of the facts and evidence before the committee, we conclude that, if at all relevant times Rupert Murdoch did not take steps to become fully informed about phone hacking, he turned a blind eye and exhibited willful blindness to what was going on in his companies and publications”

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Back to Business With Norma Kamali, Jeanine Pirro and William Lauder

1003_mockup.gifSpring break is over, so it’s back to business for the movers and shakers at Michael’s. Today’s crowd was the usual mix of media mavens (Keith Kelly, Jonathan Wald), stylistas (Norma Kamali, John Galantic) and money men (William Lauder), with plenty of strivers and a slew of pretty young things thrown in for good measure.

I was joined today by Kelly Langberg, who I met at Michael’s last month when she was celebrating her birthday at Table One with her nearest and dearest. When I got a gander of the fabulous jewelry she was wearing, I just had to go over to get a closer look. It turned out that Kelly had designed the pieces herself and had a thriving  business selling the beautiful bling to her well-heeled clients. At today’s lunch, Kelly explained how her jewelry inadvertently served as a launch pad for her now four-year-old business as the makeover maven to Manhattan’s chic set.

Having had a successful career pre-motherhood in investment banking and commercial real estate, Kelly was looking for something new that would allow her to have more time to spend with her children when they were little. Some years ago while on vacation at a swanky resort,  not one, but two different women who she’d run into over the course of her stay and admired her personal style asked her if she’d accompany them (separately) to the hotel’s pricey jewelry boutique to pick out something fabulous. “It was so random,” Kelly recalled, “but I did it for fun and wound up having things made for them at a fraction of the price. I thought to myself, ‘I think I found a business.’”

Diane Clehane, Michael McCarty and Kelly Langberg
Diane Clehane, Michael McCarty and Kelly Langberg

In no time at all, Kelly found herself advising her jewelry clients on everything from their hairstyles and makeup to plastic surgery options. “I’d show up at apartments to talk about jewelry and a client would say, ‘What do you think about my neck? What should I do with my hair?” said Kelly.  ”In 20 years in business, people have shown me just about everything you could imagine. I’ve seen it all.”

The enterprising Kelly decided to turn her exhaustive knowledge of the beauty business (“The best doctors, stylists, makeup artists — I know them all”) into a bonafide business. Today, she works individually with every client, listening carefully to their desires and needs (“A lot of this is therapy”) and even accompanies them to doctor’s offices and salons to ask the tough questions or just give her honest opinion on what works and what doesn’t.

While Kelly advises the creme de la creme of Manhattan on the very best places to go for those big ticket items like plastic surgery (she’d just come from a surgeon’s office with a client) and cosmetic dentistry, she is completely obsessed with helping clients find the perfect hairstyle. ”It all starts with the hair,” Kelly says. “You could have a great smile, terrific posture and a great wardrobe. If your hair is wrong, it’s all wrong.” As if on cue, proprietor Michael McCarty came by (he and Kelly go way back) to say hello, and we complimented him on his new, shorter locks which we decided made him look downright boyish. He told us his wife Kim McCarty had suggested he try her stylist who recently relocated from London to Malibu, where the couple lives. “I have a great person for you here in town, because you need one when you’re here,” Kelly told him. “I’m taking you over there. Let me know when you want to go.” And that was that.

Here’s the rundown on today’s crowd:

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James Murdoch Resigns from BSkyB, Has Now Stepped Down from 7 Positions

James Murdoch can’t quit quitting. Just last week he stepped down from his sixth executive position, and now The Guardian is reporting that Murdoch is vacating his position as CEO and Chairman of BSkyB. Murdoch has held the position at the company since 2003, and his departure means there is now no family member holding a top spot at the broadcaster for the first time in several years.

Murdoch has now stepped down from seven executive positions. His BkyB departure is hardly surprising, and as the language of this joint statement from Rupert Murdoch and Chase Carey indicates, no one is exactly pleased about the ordeal:

We are grateful for James Murdoch’s successful leadership of BSkyB. He has played a major role in propelling the company into the market-leading position it enjoys today – and in the process has been instrumental in creating substantial value for News Corporation shareholders. We look forward to BSkyB’s continued growth under the leadership of Nicholas Ferguson and Jeremy Darroch and to James’ continued substantial contributions at News Corporation.

James Murdoch Resigns from More Boards

We had no idea James Murdoch sat on so many boards until now. The guy just keeps resigning from them; almost every day there’s another one. The biggest resignation was from News International, on February 29, but he has also resigned from GlaxoSmithKline, Times Newspaper Holdings and is supposed to be leaving Sotheby’s board soon. Bloomberg reports that we can now add Newscorp Investments and News International Publishers Limited to the growing list.

That’s six resignations so far, but there could be more to come:

News Corp., based in New York, has said that Murdoch, 39, will focus on his main job as deputy chief operating officer to oversee the company’s international television operations. Still, Murdoch also faces calls from investors to step down from the board of News Corp. and as chairman of pay-TV company British Sky Broadcasting Group Plc.

Maybe Murdoch should just resign from every position in one mass “If I quit will you forget about all those allegations?” moment, because frankly, it’s getting a little difficult to keep up with.

5 Things Rupert Murdoch Will Not Discuss at His Birthday Party

Rupert Murdoch turns 81-years-old on Sunday. If you’re lucky enough to be in attendance at his birthday party, FishbowlNY has collected five items that Murdoch will definitely not want to talk about. Please avoid these at all costs. You can thank us later.

Five Items Rupert Murdoch Will Not Talk About at His Birthday Bash:

  1. Twitter
  2. Hacking (coughing, “WarGames” references, etc.)
  3. Phones
  4. Chase Carey’s mustache
  5. Why James Murdoch isn’t there

News Corp. Stock Gets a Boost from Murdoch Resignation

News Corporation’s stock is enjoying a bit of an upswing that can probably be attributed to James Murdoch resigning. After the news went public, Poynter notes that News Corp. stock was trading slightly higher, and it still is.

Perhaps this is just a normal swing of the market, but we doubt it.

[Image via Yahoo!]

James Murdoch Steps Down from News International

The fallout from the phone hacking scandal finally claimed James Murdoch. We had been wondering for months when it would happen, and now that day is here: According to The Guardian, Murdoch is stepping down as Executive Chairman of News International.

Murdoch will, however, continue on at News Corp., but his days among newspapers are over. We’re guessing that Murdoch isn’t too upset about this move.

Tom Mockridge, CEO of News International, will be continuing on at News International, effectively taking James’ place.

News Corporation issued the following statement about Murdoch’s resignation:

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Email Shows James Murdoch Was Alerted to Phone Hacking in 2008

James Murdoch is in trouble. Yes, again. The New York Times reports that Murdoch, despite claiming the contrary to Parliament during testimony, was alerted to the fact that there was widespread phone hacking at News of The World, as early as June 7, 2008.

Murdoch has consistently said that he knew nothing of the documentation — which showed evidence of the hacking, and a reply from Murdoch saying that he wanted to discuss things in person — while others insisted that he had. A look at what was uncovered in the email chain:

One lawyer says the case [a lawsuit by someone who claimed to be hacked] is a ‘nightmare scenario,’ because it might uncover other voicemail interceptions and names other journalists implicated, the other notes that Mr. Taylor [the person suing] wants to demonstrate that hacking was ‘rife throughout the organization.’ As he forwarded the chain to Mr. Murdoch, Mr. Myler  [editor of News of the World] warned that the situation was ‘as bad as we feared’ and requests a meeting to discuss the matter further. Mr. Murdoch’s reply offering to talk came two minutes later.

Now how is James going to escape this? It’s right there. He got the email. He replied. Murdoch’s defense? He opened the emails on his Blackberry, and didn’t actually read the full contents. A creative try by James — who hasn’t used the Blackberry defense to get out of family gatherings and the like — but we think he might have to come up with something better very soon.

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