Rupert Murdoch is getting a tough time in the global press right now, particularly in the United Kingdom. A new allegation shows he paid his wife US$300,000 during her time as chief strategist for MySpace China during its ill-fated stint in the country under the management of News Corp.
The information has emerged following an investor lawsuit filed in the US state of Delaware accusing Murdoch of hurting News Corp’s value by using its resources to “enrich himself and his family members at the Company’s and its public shareholders’ expense.”
More details come from IT World:
“Not only did Murdoch waste $580 million in 2005 by buying Myspace, which his company promptly drove into oblivion, he paid his wife, Wendi Deng, nearly $300,000 to provide “strategic advice” to Myspace China over a three-year period. (This comes from News Corp.’s 2010 annual report.) More...
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