Rupert Murdoch’s attempt to grant his son Lachlan sole control of the family’s media empire has been thwarted. A Nevada court ruled against the move, citing bad faith, ensuring the continued joint control among Murdoch’s four eldest children. The decision throws a spotlight on the complex succession planning within one of the world’s most powerful media organizations.
Brian Cox, star of Succession, continues to express his skepticism about Jeremy Strong’s intense method acting approach, calling it ‘hostile’ and detrimental to the ensemble cast. He maintains that Strong’s talent is undeniable, but his method hinders his overall performance and inclusivity within the group.
Amidst escalating tensions between Israel and Iran, swirling rumors about Ayatollah Ali Khamenei’s health and the potential succession of his son, Mojtaba Khamenei, are analyzed. While official statements remain elusive, recent appearances and social media activity offer glimpses into the unfolding situation.
Amidst swirling rumors of his declining health and potential succession plans, Iran’s Supreme Leader Ayatollah Ali Khamenei met with the injured Iranian ambassador to Lebanon, effectively dispelling recent claims that he is in a coma. The meeting comes on the heels of reports suggesting his son, Mojtaba Khamenei, is being groomed as his successor.
Walt Disney Co. (DIS) has named Morgan Stanley’s (MS) James P. Gorman as its new Chairman of the Board, effective January 2, 2025. Gorman will succeed Mark G. Parker, who will depart after nine years of service. The appointment comes as Disney prepares for the eventual succession of CEO Bob Iger, who returned to the helm in November 2022. Gorman’s appointment signals a significant shift in Disney’s leadership, with speculation swirling around who will take over from Iger.
Stellantis N.V. (STLA) announced plans for CEO Carlos Tavares’ retirement in early 2026 and unveiled a series of management changes, including a new CFO, regional leadership adjustments, and the restructuring of its supply chain. The company also faced recent recalls and lowered its 2024 operating margin outlook.
CRH PLC announced that CEO Albert Manifold will retire at the end of 2024, and will be succeeded by Jim Mintern, the company’s Chief Financial Officer. Manifold joined CRH in 1998 and became CEO in 2014. Mintern has been CRH’s CFO since 2021.
Toronto-Dominion Bank (TD) announced the retirement of its long-serving CEO, Bharat Masrani, and the appointment of Raymond Chun as his successor. The transition comes amidst ongoing investigations into money-laundering controls at TD’s US branches and the fallout from a failed acquisition.
The Murdoch family is embroiled in a legal battle over the control of Fox News and other assets of Fox Corporation, with Rupert Murdoch seeking to ensure his eldest son, Lachlan, assumes full control of the company. The case, which could have major implications for the media giant, is set to unfold in a Nevada court this week.
Legendary investor Warren Buffett, on his 94th birthday, offered career advice as his company Berkshire Hathaway reached a $1 trillion market cap. He suggests choosing a job that you would do even if you didn’t need the money, highlighting the importance of passion and purpose in one’s work. Buffett also confirmed Greg Abel as his successor, ensuring a smooth transition for the company.
