Think Rupert News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It has certainly tainted the overall brand of the company. the stock market has punished it. it was off about 15% in the last couple of weeks. wiped out a few billion dollars of shareholder value. it recovered today and has been recovering because there's the sense that rupert and james yesterday had a fairly good performance. there were no new revelations. they didn't admit to any other wrong doing within the company. they said it was others' responsibility. there was no shoe dropping. i think there was a sense of relief after the last couple of weeks of all the selling. i think there was som...

If i don't think so. the murdoch family controls about 40% of news corp. it has the board pretty much in its pocket. unlikely that they will be forced to resign as a result of this. in the absence of anything else happening. >> his board of directors whose responsibility has been to shareholders has been rather meek and silence on this scandal. now you have a director, tom perkins telling "the wall street journal" that rupert's a genius that and that the board thinks it needs him. how crucial is rupert to the future success of the company? >> well, rupert murdoch built news corp. from a single...

Newspaper in australia in the early '50s. when he is the entrepreneur who made this company a global behemoth. he is the man who has his finger on his pulse of every bit of this operation. his intention has been all along to pass it on to his family a. at this point, james, but there are other family members including his wife, wendi. i don't think rupert's going anywhere at this point. i think the succession plan he has in plan still holds in. the stock market sells off in company it may be a different story. >> the stocks rebounded yesterday when we were seeing them testifying there many the...