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Saturday
Mar172012

James Murdoch to Step Down from Board of Sotheby's Auction House 

Chris Ratcliffe/Getty Images (LONDON) -- News Corp. deputy chief operating officer James Murdoch will leave the board of Sotheby's auction house, Bloomberg News reports.

Murdoch's departure follows demands that he resign over his role in the U.K. phone-hacking scandal and is set to take place on May 8.

The 39-year-old son of billionaire media tycoon Rupert Murdoch already resigned from the board of GlaxoSmithKline Plc, and from his position as executive chairman of News Corp.’s News International publishing unit earlier this year.

Investors are also calling for him to leave as the chairman of British Sky Broadcasting Group Plc. and from the board of News Corp.

Copyright 2012 ABC News Radio







ABC News Radio