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 parliamentary session. analysts worry about whether news corp. could see more consequences if as you said we see new details come out. what is this sustained trickle of scandal doing to the overall brand of this company? 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
here, consequences for the highest levels of government there in london. thank you for the lead in. the bloggers, the reporters, the business analysts are scrutinizing yesterday s testimony of rupert murdoch and his son james. both denied any knowledge of the phone hacking scandal and dodged questions about megapayments to victims on the receiving end. mr. murdoch do you accept that ultimately you are responsible for this whole fiasco? no. first of all, i would like to say as well just how sorry i am. my big question today, will one of the murdochs take the fall for the phone hacking scandal? of course you can reach me on facebook and twitter. to answer that question, let s bring in a reporter for the washington post style section. it s good to see you today, paul. what do you think? do you think that we re going to see either rupert or james take the fall? at this point barring any other revelations that s a big
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 some sense that maybe it s gone too far. paul thank you for joining us. appreciate your time. thank you. the taliban is getting in on the phone hacking thing. the afghan group insists its phones and website were hacked and that s what caused the announcement that its leader had died. the taliban now insists its chief is alive. denies that he died of a heart
washington post style section. it s good to see you today, paul. what do you think? do you think that we re going to see either rupert or james take the fall? at this point barring any other revelations that s a big 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
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.