So a U.K. parliamentary committee—comprised, no doubt, of hacks who have never worked in the private sector in their lives—has determined that “Rupert Murdoch was not fit to run a major international company, which had shown ‘huge failings’ of corporate governance, and it raised questions about James Murdoch’s competence,” according to Reuters.
Let the committee investigate political issues, but they have no right to pass judgment about the qualifications of a private-sector executive—let alone one who has built a multi-billion dollar corporation.
This reminds us of Congressional hearings back in the late ‘90s about the proposed merger (ultimately scuttled) between US Airways and United. Each member of a Congressional committee took preening turns offering his insight and analysis into the business sense of the merger. After all, members of Congress travel a lot, so they are obviously experts on how to run an airline.
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