Tuesday, May 1, 2012

Murdoch unfit to run a major company: UK lawmakers

(Reuters) - Rupert Murdoch is unfit to run a major international company and should take responsibility for a culture of illegal phone hacking that has shaken News Corp, a powerful British parliamentary committee said on Tuesday.

Pulling few punches, lawmakers focused on the failings of the 81-year-old News Corp chief executive, his son James and a company which they said had showed "willful blindness" about the scale of phone-hacking that first emerged at Murdoch's News of the World newspaper.

The cross-party committee, which approved the report by a majority of six to four, scolded News Corp for misleading the British parliament and trying to cover up illegal phone hacking. It said that there had been huge failures in corporate governance which raised questions about the competence of Rupert's son, James. Read More