British panel: Murdoch ‘not a fit person’ to lead News Corp.
Here’s the lead paragraph from The Wall Street Journal, owned by Rupert Murdoch:
“LONDON—The U.K. parliamentary committee probing illicit voice mail interception by News Corp. shuttered News of the World tabloid released a final report Tuesday concluding that News Corp. Chief Executive Rupert Murdoch is “not a fit person to exercise the stewardship of a major international company” and accusing several former company executives of misleading parliament.”
And here’s an excerpt from the report, compiled by a 11-member parliamentary committee:
“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 wilful blindness to what was going on in his companies and publications.
“This culture, we consider, permeated from the top throughout the organisation and speaks volumes about the lack of effective corporate governance at News Corporation and News International.
“We conclude, therefore, that Rupert Murdoch is not a fit person to exercise the stewardship of a major international company….”
“Corporately, the News of the World and News International misled the committee about the true nature and extent of the internal investigations they professed to have carried out in relation to phone hacking; by making statements they would have known were not fully truthful; and by failing to disclose documents which would have helped expose the truth.
“Their instinct throughout, until it was too late, was to cover up rather than seek out wrongdoing and discipline the perpetrators, as they professed they would do after the criminal convictions.
“In failing to investigate properly, and by ignoring evidence of widespread wrongdoing, NI and its parent company News Corporation exhibited wilful blindness, for which the companies’ directors – including Rupert Murdoch and James Murdoch – should ultimately be prepared to take responsibility.”
– Jay Bookman
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335 comments Add your comment
Doggone/GA
May 1st, 2012
2:32 pm
“We still have a lot of oil. On both of our coasts, in the gulf, in the arctic, and in Alaska, North Dakota, and other places such as the tar sands and in the shale”
so you would be in favor of forcing the oil companies to sell it here, at a lower price…instead of on the world market?
(ir)Rational
May 1st, 2012
2:33 pm
mm – Out of curiosity, is “you corporation protecting cons” actually supposed to be an insult?
Thulsa Doom
May 1st, 2012
2:33 pm
Irational,
No need to get nasty- especially after I already apologized about being a meany to you. What was your question? If its the one about what IF opec cuts production its been answered several times by me already. The answer is that regardless of what opec does as far as production goes we need the obs and the oil revenue and specifically tax revenue from this industry. And as I stated repeatedly OPEC has in interest in not seeing oil go so high that it triggers a worldwide recession. A recession is bad for everyone, it ultimately results in a drop in oil prices, and does nothing to alleviate Arab rebellion and the Saudis aren’t exactly fans of middle east instability.
Kamchak ~ Thug from the Steppes
May 1st, 2012
2:34 pm
I read somewhere that the smoking gun is the mushroom cloud.
Thulsa Doom
May 1st, 2012
2:34 pm
doggone,
Nope.
Doggone/GA
May 1st, 2012
2:35 pm
“Nope”
then what does it matter if we have plenty of oil? If it will just be sold on the world market, at world market prices…it’s maybe better if it stays in the ground until OTHER suppliers wells start to dry up and then WE could control the market like THEY do now.
Thulsa Doom
May 1st, 2012
2:36 pm
Matti,
Do you have a point? No? Didn’t think so.
Joe Hussein Mama
May 1st, 2012
2:39 pm
Goner — “okay Joe, maybe more drilling by its self won’t help but I believe that we should be doing our part in increasing domestic supplies and we should also standardize our fuel, come up with one (cleanest burning) so we don’t have cocktail gasoline, instead our refinery capacity could concentrate on one fuel type”
I’m not sure I follow you here. Are you talking about doing away with seasonal gas blends so we’re not switching back and forth at refineries? Is that what you mean?
“we also have got to look into strenghtening the dollar as well, when our dollar is weak in the exchanges, commodities cost more.”
Well, that’s true, but a strong dollar also tends to depress exports, which is a drag on employment. And I’m sure we can agree that we need more jobs now, right?
Fred ™
May 1st, 2012
2:40 pm
Thulsa Doom
May 1st, 2012
2:26 pm
Fred,
We still have a lot of oil. On both of our coasts, in the gulf, in the arctic, and in Alaska, North Dakota, and other places such as the tar sands and in the shale.
++++++++++++++++++++++++++++++++++++++
All places where it costs LOTS of money to get it. This Drill now Drill here talk is just that TD, talk.
REAL oilmen aren’t fueling that BS. Let’s use your favorite person, THE PRIVATE INVESTOR, for an example.
THE PRIVATE INVESTOR doesn’t want to invest his hard earned cash to get oil that costs $100 a barrel to drill/produce (pulling the figures out of my ass just for example) because oil is $119 a barrel today. It’s $119 a barrel because of SPECULATORS. THE PRIVATE INVESTOR knows this. He also knows that as soon as he drops all this cash to get the fields running and producing at concrete costs of $100 a barrel in TODAY’S money, then the guys sitting on the easy to get to oil (OPEC) will drop the price down to $80, or even $90 a barrel. Eitherway THE PRIVATE INVESTOR loses $10-$20 a barrel on every barrel that comes out of the ground. But wait, if THAT happens they can cap the wells right? Yeah, that’s what they have already done.
Folks that own the ouil here aren’t driving that losing argument TD, Rush, FOX, and the Republicans are. But they don;t mean it. It’s just a “talking point” for them to convince idiots of lies. Are you an idiot? Only you can decide………….
Besides, why not suck the rest of the Worlds supply dry and THEN use ours?
Matti
May 1st, 2012
2:41 pm
Thulsa,
My point was every bit as valid as yours with regard to what we’re paying for gasoline.
However, if you’re still confused as to why oil companies don’t sell to Americans for less (with perhaps an extra discount for flashing your NRA or GOP membership card), then you might ask your fellow Rand cultists who admittedly prefer to invest overseas to maximize their own profits, to the detriment of the nation they claim to love.
(ir)Rational
May 1st, 2012
2:45 pm
Thulsa – The question was: how does OPEC keep the price around $90/barrel if we were to suddenly produce another million or so barrels a day. For an “economic genius” like yourself, it shouldn’t be a hard question to answer, unless you just don’t want to answer it.
Joe Hussein Mama
May 1st, 2012
2:46 pm
Fred — “Besides, why not suck the rest of the Worlds supply dry and THEN use ours?”
Not incidentally, by doing this, you also increase the *value* of the resource you’re holding but not using.
JOE COOL~DoWnToWn THUG
May 1st, 2012
2:46 pm
Im confused….Republicans have been byitchin about drilling in ANWR since the 70’s yet none of the Republican presidents have ever done it. Why?
Fred ™
May 1st, 2012
2:48 pm
Joe Cool; See my 2:40 lol.
he's a goner
May 1st, 2012
2:51 pm
Joe, we do need jobs, but our dollar is really, really weak. I’m not talking about seasonal blends of gasoline, the winter grade is pretty much used everywhere. I’m talking about the the 20 or more summer blends that are being used. could be about 30. I say come up with the cleanest concoction and use it…
Joe Hussein Mama
May 1st, 2012
2:53 pm
Goner — “I’m not talking about seasonal blends of gasoline, the winter grade is pretty much used everywhere. I’m talking about the the 20 or more summer blends that are being used. could be about 30. I say come up with the cleanest concoction and use it…”
Okay, thanks for clarifying. Appreciate that.
he's a goner
May 1st, 2012
2:55 pm
Joe, we don’t export as much as we used too either, most manufacturing jobs have moved overseas, we’ve become a nation of consumers purchasing services more than we produce products. we need to be more of a product producing nation, then the consuming portion of our nation would be strengthened as well. That’s one reason why we ought to drill more of our oil, there are people here and overseas that would purchase the refined product, Good for us I really do believe….
Thulsa Doom
May 1st, 2012
2:56 pm
Irational,
Aaaah. Now I see what you are angling at. Naturally they could reduce and cut production which is what you are getting at. Shooting for a gotcha moment I see. So what if they did. And you don’t know that they would for certain. Neither do you know that if they did officially cut production that they wouldn’t have cheaters as they have usually had. And it still doesn’t matter anyway because we would still be reaping jobs and tax revenue by exporting our own oil. So what? And above all else if oil did drop suddenly it would probably just spike again given the enormous growth of the Chinese and Indian economies. So we would be right back to square one again. The point is that there is no downside to us producing more oil. It could help offset price rises in oil and provide jobs and tax revenue. What specific downside is there sir?
he's a goner
May 1st, 2012
2:56 pm
no prob Joe!
(ir)Rational
May 1st, 2012
2:58 pm
Thulsa – So the idea was “effing stupid” when I said it? But now that I’ve backed you into a corner using your own words, it suddenly doesn’t matter. Just trying to learn to debate from a master (de)bater.
Joe Hussein Mama
May 1st, 2012
2:59 pm
Oh, um, ethics SHEETS, folks.
Thulsa Doom
May 1st, 2012
3:03 pm
“However, if you’re still confused as to why oil companies don’t sell to Americans for less”
“s your liberal friends have noted on numerous occasions oil is a world market.
“(with perhaps an extra discount for flashing your NRA or GOP membership card), then you might ask your fellow Rand cultists”
Nothing like some emotional rhetoric and hyperbole to add to your rather meager point huh Matti. You do loves your rhetoric you do.
“who admittedly prefer to invest overseas to maximize their own profits, to the detriment of the nation they claim to love.”
So I guess those of us who have some funds invested in global mutual funds are all doing so in detriment to our nation huh Matti? Might want to pass that on to all the labor unions, public pensions and such who have their members money invested in foreign stock funds as well.
It’ll be a cold day in hell when you can come up with a rational, sensible point.
Joe Hussein Mama
May 1st, 2012
3:03 pm
Doom — “Aaaah. Now I see what you are angling at. Naturally they could reduce and cut production which is what you are getting at. Shooting for a gotcha moment I see. So what if they did. And you don’t know that they would for certain.”
From my earlier link, the EIA under President Bush was certain that they would. See page 11.
http://www.eia.gov/oiaf/servicerpt/anwr/pdf/sroiaf(2008)03.pdf
Mr_B
May 1st, 2012
3:05 pm
““We still have a lot of oil. On both of our coasts, in the gulf, in the arctic, and in Alaska, North Dakota, and other places such as the tar sands and in the shale”
And it’s only economically feasible to get it out of the ground if crude is selling north of $100 a barrel. Which is why domestic production is currently high. If crude were to be selling at $60, nobody in the US would be pumping a drop.
264 more days
May 1st, 2012
3:06 pm
Talk about a bunch of hypocrites, you rats continuously slander and spew your hate for corporations, yet you turn around and buy their products.
If you hate them so much, why not just stop buying from them, see how long you last without their products and services……..
Thulsa Doom
May 1st, 2012
3:09 pm
Irational,
Are you smoking something? You haven’t backed anybody into a corner missy. Your point is still effing stupid as I yet pointed out again. You can’t base energy policy on if , what IF someone like opec cuts production. Looks like I was right to begin with. You really are effing stuck on stupid. And don’t think I didn’t notice that you have no response to my obvious point that we would get jobs and tax revenue. I’m still waiting or you to point out the downside of drilling. Cat got your tongue?
Joe Hussein Mama
May 1st, 2012
3:09 pm
“Talk about a bunch of hypocrites, you rats continuously slander and spew your hate for corporations, yet you turn around and buy their products.
If you hate them so much, why not just stop buying from them, see how long you last without their products and services……..”
And the Oscar for Best Performance in a Trolling Role goes to . . . TIMESTAMP! (applause)
Thulsa Doom
May 1st, 2012
3:13 pm
Joe Mama,
That’s one oil field having a negligible effect on world prices. If we drill off both coasts, the gulf, land, the arctic, and add several million barrels of oil it certainly could have an effect on world oil prices.
St Simons - we're on Island time
May 1st, 2012
3:13 pm
“Mr Murdoch not a fit person to lead News Corp” hahaha – when
do you think an Amerkan gubmint body will say that? right..
liberal corp media my ass
(ir)Rational
May 1st, 2012
3:16 pm
Thulsa – Did I ever say anything about there being a downside to drilling? Would you like to go through some of my posts and point out exactly where I did? I said, it is a good idea for the jobs ect, but I don’t see it having enough effect on global oil prices to tout it as a solution for high gas prices you twit. Did I say you shouldn’t drill because OPEC would cut production? No, I said it wouldn’t make a difference for gas prices. Learn to read, and then learn to comprehend what you read.
NOW, if you care to continue conversing with me, learn a few things. I am neither a liberal or a woman, sadly we’ve been over both of these several times. If you call me either again, I don’t care what the conversation is about, I will quit talking with you immediately. You can think that you’ve won in that case, but we’ll both know the truth. The amount of stupid that comes from you boggles the mind, and I’m beginning to be surprised that you’re able to get out of bed and turn on a computer each day.
Joe Hussein Mama
May 1st, 2012
3:21 pm
Doom — “That’s one oil field having a negligible effect on world prices. If we drill off both coasts, the gulf, land, the arctic, and add several million barrels of oil it certainly could have an effect on world oil prices.”
Take it up with the Department of Energy. They didn’t think so, even when President Bush wanted to press for more drilling.
That’s not to say that President Bush wasn’t going ahead to push for more drilling anyway; just that the DOE didn’t think it was going to do what you and President Bush seem to think it would do. That’s all.
Going upstairs. Maybe I’ll see you there.
0311/8541/5811/1811/1801
May 1st, 2012
3:23 pm
Rightwing Troll:
“I was unawares that Dan Rather engaged in a pattern of bribery, wiretapping, and cell phone hacking of dead children. Would you provide examples and details please?”
I suppose you have forgotten how he humiliated and disgraced what little journalistic ethics he had left by trying to introduce false documents to the American people just days before the Bush/Gore contest.
What a hypocrite !
GT
May 1st, 2012
4:18 pm
Somehow there is a foundation of what the right conspires to be in this story. Just like Nixon a lot of them don’t care the president was or is a crook if they get their way. It is like college alumni don’t care how the team wins as long as they get away with it. You can kind of feel that cool breeze in this blog. By sponsoring sharks the right become a party of the crime. Fox which supports this cancer, couldn’t exist without the support of the right and the welfare of all people wishing to live free, have been damage by this misguided support. Eventually this deviant will deal the supporters a bad hand too, kind of like Murdock throwing his own son under the bus. Trust is a big thing, it allows accomplishment by teams of people, allows democratic countries to exist. You put one Murdock or Nixon on a team or leading a company and you have chaos.
Fedup
May 1st, 2012
5:03 pm
How about water boarding Rupert and find out what he knew. May be water board Newt about how he helped Rupert get his lincense in Good old USA. Foreigners are not allowed to hold TV lincense in this country.
GT
May 1st, 2012
5:24 pm
Why stop at water boarding, drowning them is a waste of good water, but why not? Ari Fleischer was giving Bush credit for bin Laden’s death last night. He claims the water boarding lead to the carrier that lead to bin Laden. He in so many words said Obama was just lucky he was in the right place at the right time. That said I have never seen the luck Bush had if this is luck we are talking about. 9/11 coming into office and New Orleans going out. You know if all this is about luck maybe we are seeing the explanation of Bush’s thinking or lack of it. If you think none of this is your fault it is all about how the stars line up, no wonder he feels education is a waste of time, this is all a crap shoot and since he is religious the odds are in his favor. Wish for those poor people in New Orleans that was true.