The first major casualty of Rupert Murdoch's $5 billion purchase of Dow Jones comes in the form of the resignation of the company's Vice President Paul Ingrassia. Although Ingrassia (pictured right) claims his departure--the first major executive resignation since the deal--has nothing to do with Murdoch being his new boss, he told one reporter, "There just didn't seem to be an appropriate place for me in the company." The expected post-Murdoch deal fall-out hasn't been as harsh as some expected, but given the widely held skepticism of Murdoch's direction for the company, you can expect a least a few more high-profile exits before the end of the year.
Murdoch's Dow Jones Hit With First Executive Departure
The first major casualty of Rupert Murdoch’s $5 billion purchase of Dow Jones comes in the form of the resignation of the company’s Vice President Paul Ingrassia. Although Ingrassia (pictured right) claims his departure–the first major executive resignation since the deal–has nothing to do with Murdoch being his new boss, he told one reporter, “There […]
