It was evident from his televised testimony during a Parliament hearing that Rupert Murdoch had lawyered up. He should have manned up. It’s one thing to say your underlings let you down and their underlings let them down.
But not once did the head of the powerful News Corp. organization accept responsibility for the phone hacking scandal. My guess is that the best lawyers that money can buy told the media baron just how far he could go. Apaprently, being a man was going too far.
For those of you keeping track, the CEO turnover rate is declining — a sure sign the nation’s top execs expect good things in 2011.
In November, 79 chief executives across the country resigned, retired or stepped aside for other reasons, the second straight month CEO departures declined and 16 percent fewer announced departures than November last year, according to a report by global outplacement firm Challenger, Gray & Christmas.
The declining CEO departure rate is an interesting statistic that could mean any number of things, but to me it says the economic recovery is gaining momentum.