Rupert Murdoch, king of one of the most dominant empires in the history of media is now ready to pass the crown to his empire. The crown stays within the family. The powerful and decipherable 84 years old Rupert Murdoch is ready to appoint James and Lachlan his sons as the new heirs of his empire.
James will hold that position of Chief Executive Office while Lachlan will serve the company as Executive Co-Chairman of the Twenty-First Century Fox Inc.
James Murdoch, 42 year old is currently in charge as the Fox’s co-chief operating officer, where 43 year old Lachlan the elder brother of James is the non-executive co-chairman.
Many people find it interesting that James who was a Harvard dropout and also owned record label company is now taking over one of the biggest entertainment company in the world.
Lachlan and James will be in charge of the company, while Rupert himself will continue his affiliation with the company as a co-chair on the board of the company. Other siblings of James and Lachlan are very small to be brought into the family business.
Doughlas Creutx, analyst of the Twenty-First Century Fox said that James has jumped his elder brother only because he has a fine operational experience. Another reason for this seen to be the support of Price Alwalled bin Talal, the investor and family support of Fox Inc.
According to the King, James understands the business and its integrity really well and proves himself to be an effective member of the company. He also believes that James can control the dignity technology as he starts to handle the company with his hands.
Fox’s own analysts find James to be forceful when it comes to dealing with investors. He makes sure not to venture his emotions into his business, unlike his father Rupert Murdoch.
Fox’s operations will now be more interesting to watch as for the first time the two brothers will be seen to work as partners. Also with the Chase Carey the Chief Operating Officer leaving, it will be attention seeking to watch them work without a stronger pillar of the Fox empire.