Word: corps
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...just starting, however. Tweedy, Browne's complaints to the Securities and Exchange Commission (SEC) go much deeper. Black and his wife, columnist Barbara Amiel, and several top executives received other payments now being examined. Black, Amiel and the executives are affiliated with a private firm called Ravelston Corp., which received $203 million from Hollinger from 1995 to 2002 for so-called service agreements. Hollinger admitted in March that these agreements "were not the result of arm's length negotiations between independent parties" and thus may not be favorable to the company. Yet Hollinger's board signed off on some...
James Murdoch must have felt as if he'd stumbled onto the set of Fox TV's Celebrity Boxing. Just days after being named chief executive of BSkyB by his father, News Corp. chairman Rupert Murdoch, James took a solid beating from the broadcaster's shareholders. Accusing the Murdochs of nepotism, they tried to block the 30-year-old Harvard dropout from the board. One lambasted the family for "arrogance and indifference" that "is completely appalling...
...also the 20th Century Fox movie studio, Fox television networks and newspapers around the world, would quash any dissent. But BSkyB shareholders may want to stick around to see how the show plays out. After a mediocre early business career--he started a rap-music label and lost News Corp. money in a bad Internet play--James proved himself at the company's Star TV. A karate enthusiast, he transformed the lossmaking Asian satellite broadcaster into the largest private TV player in India and penetrated the booming China market with cheesy American-style reality police dramas, male beauty contests...
...BSkyB appointment has heightened chatter that James has now leapfrogged his older brother Lachlan as the most likely successor to their father, who is 72. Hardworking Lachlan, 32, who had long been viewed as Daddy's favorite, runs News Corp.'s U.S. publishing and TV business from New York City, where he has had some success turning around the perpetually troubled tabloid the New York Post. The subject of succession is clearly a sensitive one in the family. When questioned recently by a journalist, James, looking agitated, snapped, "It would be very nice to put that speculation to bed." Maybe...
...company's heir apparent. John Elkann--the grandson Agnelli had handpicked six years earlier as his eventual successor--cut a striking figure at the wake in Turin, reminding many of the young Agnelli's poise and elegance. For now, Gianni's brother Umberto Agnelli, 69, controls Fiat Corp. But Elkann, 27, has become the man to watch...