To anyone observing the high-noon showdown about to unfold between Rupert Murdoch and his four oldest children in a dusty court in Nevada, the nickname looks optimistic.
He may have dubbed his plan 'Project Harmony'. But to anyone observing the high-noon showdown about to unfold between Rupert Murdoch and his four oldest children in a dusty court in Nevada , the nickname looks optimistic.
Murdoch, in his twilight years, is mounting perhaps his most shocking takeover yet: a move that some have suggested would make Logan Roy – the foul-mouthed, domineering mogul of TV drama Succession – blush But now Murdoch is trying to hand Lachlan the power to outvote his three siblings who have voting rights in the trust: Prudence, 65, Elisabeth, 55, and James, 51.
In a bitter foretaste of today's dispute, Grace and Chloe were added to the trust in 2006. Murdoch had hoped that they, too, would enjoy voting rights, but the four older children reportedly 'baulked' at this prospect, leaving the tycoon 'devastated'. At the heart of the case is one question – whether or not Murdoch can successfully change the terms of a confidential family trust in order to hand control of his sprawling media empire to his oldest son Lachlan , 53, whose Right-wing politics closely mirror his father's
These have been built up under Murdoch's control over seven decades since he acquired his first paper in Western Australia in 1956. It's precisely to avoid this sort of in-fighting that Murdoch has wryly nicknamed his plan 'Project Harmony'. Nevada probate commissioner Edmund Gorman Jr has 'sealed' the case, meaning that the more than 360 documents filed since last October will be hidden from Press and public.
That ceremony went off without a hitch – perhaps because Lachlan was the only one of Murdoch's children to attend. This is not 'sidelining' anyone, it's about highlighting the leadership that's in place and continuing that,' they said. Read More RICHARD KAY reveals the most bitter boardroom battle of Rupert Murdoch's life Before Murdoch sold 21st Century Fox, the company was run by both Lachlan and his younger brother James. The two have vastly differing politics – and fell out spectacularly over Fox's sympathetic treatment of Donald Trump.
The prospect of more liberal members of the family taking Fox in a different direction would not be in the 'best interests of the company's financial wellbeing', the source insisted. Only last week, James – who now oversees an investment firm – publicly endorsed Democrat Kamala Harris for November's presidential election
In The Successor: The High-Stakes Life Of Lachlan Murdoch, Manning revealed that Lachlan even considered buying out his siblings from the trust in 2019 – but baulked at the multi-billion-dollar price they were demanding. Read More The bride wore white, the groom wore trainers - and both looked elated, writes CHRISTOPHER STEVENS 'There's a tendency to believe that Rupert is still always the one pulling the strings but Lachlan is in charge here.'
Alex Falconi runs the nonprofit Our Nevada Judges, advocating for greater public access to courts in the state. There was even a warning that failure to keep the Murdoch case private could drive away lucrative business: 'To remain competitive with other states, preserving the confidentiality of trust companies is essential.'
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