Quote:
Originally Posted by TheMercenary
Murdoch did very well in his testimony. He held his own as the political pundits tried to say he should have know about something that represents less than 1% of his financial holdings.
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He blamed everyone but himself. If there was ever an example of "85% of all problems directly traceable to ...", it was apparent in his testimony.
Top management sets the attitude and knowledge. And top management is responsible for subordinates having the proper attitude and knowledge. Well, Rick Wagoner of GM also tried to blame everybody else including the market, the economy, government regulation, unfair competition, etc. Why was GM making crap cars? Wagoner - the guy who blamed everyone but himself.
Riccardo blamed unions, the economy, government, unfair foreign competition, and everything else for Chrysler that kept making products that could not sell. He literally filled the Michigan State Fairgrounds with products nobody wanted. Why could Iacocca make Chrysler profitable in only three years? He replaced the guy who blamed everyone but himself.
Murdoch's testimony describes a corporation that was doing exactly what he wanted. Complete with blame everyone else. How many other Murdoch operations are just as corrupt? Why is Dow Jones so suspect that its top man resigned? No reason exists to believe this is limited to "News of the World". But Murdoch is a right wing extremist. Therefore TheMercenary *knows* Murdoch is innocent. The political agenda is again telling us what to believe.
At this point, we have no idea how wide this corruption is. Because Murdoch was blaming everyone but himself ... just like Nixon.
Report from Fox News has it that Johnny Marbles is also responsible for the corruption.