1. Scandals

    Murdoch’s Future Up in Air: Report

    Rupert Murdoch speaks at The New York Forum at the Grand Hyatt in New York on June 22, 2010.  Michael Dominic /Landov

    Michael Dominic / Landov

    When Rupert Murdoch sits before Parliament Tuesday, his future as News Corp. CEO may be on the line: depending on his performance, the company could choose to replace him as CEO, handing the reins to chief operating officer Chase Carey, according to Bloomberg News. (Murdoch would remain as chairman.) Bloomberg says News Corp.’s independent directors have discussed this move, although a News Corp. executive tells The Daily Beast that the report is "inaccurate." Murdoch’s grilling before Parliament Tuesday will last three hours, and he will be joined by his son James and also by Rebekah Brooks.

    Read it at Bloomberg