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Sunday, October 2, 2011

SOTHEBY’S STANDS BY JAMES MURDOCH





Sotheby’s stands by James Murdoch
Record profits as investment in the US giving way to China

By Charlotte Burns From issue 227, September 2011
Published online 2 Sep 11 (Market)

James Murdoch, the controversial chief executive of News Corp International, has been drawn into the ongoing contract negotiations between Sotheby’s auction house and its art handlers’ labour union, Teamsters Local 814.

Murdoch was appointed to Sotheby’s board of directors in May last year. Commenting at the time, Sotheby’s chairman Michael Sovern praised Murdoch for his “impressive experiences”, “media perspectives” and “sophisticated understanding of digital media and the internet”.

The emphasis on technology now seems unfortunate: Mur¬doch is the heir apparent to the multinational media conglomerate, News Corp, and is inveigled in the phone hacking scandal that enveloped the company over the summer.

Read full article here.

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