LOS ANGELES, Dec 10 — Rupert Murdoch’s audacious bid to cement his eldest son’s control over one of the world’s most influential media empires has failed, a US report said...
‘Carefully crafted charade’: Murdoch’s bid to secure eldest son’s media empire control thwarted, court rules
The eldest daughter, Prudence, has had little involvement in the family business, but at various times the other three — Lachlan, James and Elisabeth — have all been considered as successors. That had required rewriting the terms of an irrevocable trust that passed power to the four siblings jointly, stripping three of them of voting power, while allowing them to continue to benefit financially.
“The effort was an attempt to stack the deck in Lachlan Murdoch’s favour after Rupert Murdoch’s passing so that his succession would be immutable,” the“The play might have worked; but an evidentiary hearing, like a showdown in a game of poker, is where gamesmanship collides with the facts and at its conclusion, all the bluffs are called and the cards lie face up.
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