Cybersecurity
Murdoch Refusal to Take Responsibility May Dent Credibility
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Rupert Murdoch’s refusal to take responsibility for the hacking scandal that has slashed $5.5 billion from the market value of News Corp. may undermine his credibility as chief executive officer.
Governance experts who heard Murdoch’s performance before the U.K. Parliament yesterday said that by blaming underlings and saying he wasn’t responsible he didn’t do enough as CEO to acknowledge his accountability.