News Corp. Considering Replacing Rupert Murdoch With Chase Carey as CEO (Report)
The move may depend on how Murdoch's testimony before British parliament Tuesday, according to Bloomberg.
As Rupert Murdoch and his son James prepare to face scrutiny before the British Parliament, there are reports News Corp. is considering replacing Murdoch with Chase Carey as Chief Executive Officer, according to Bloomberg News.
Murdoch would remain Chairman under the plan, which has not yet been finalized. The move may depend on how the 80-year-old controlling shareholder of News Corp. performs during his testimony before Parliment in London Tuesday morning.
There is concern within News Corp. that Murdoch may not do well answering questions, Bloomberg reported.
As THR reported, Carey has been getting high marks since the phone hacking and bribery scandal erupted for his steady hand at the global corporation, and on Wall Street, where he has earned a high level of trust.
News Corp. reps couldn't immediately be reached for comment. UPDATE: News Corp. declined to comment on the Bloomberg story.