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Friday, July 15, 2011

Dow Jones CEO quits, Murdoch apologizes in hacking scandal

he chief executive officer of Dow Jones & Co., a man who once headed the Rupert Murdoch company at the center of the phone-hacking scandal, resigned Friday as Murdoch himself apologized for "serious wrongdoing" in an ad running in the British press this weekend.Replica Oakley Sunglasses
Image: Les Hinton
Lucas Jackson  /  Reuters
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Les Hinton submitted a resignation letter to Dow Jones, which publishes the Wall Street Journal, and to News Corp., the Murdoch company that controls Dow Jones.

"I have watched with sorrow from New York as the News of the World story has unfolded," Hinton wrote in a section addressed to Murdoch. "I have seen hundreds of news reports of both actual and alleged misconduct during the time I was executive chairman of News International and responsible for the company. The pain caused to innocent people is unimaginable. That I was ignorant of what apparently happened is irrelevant and in the circumstances I feel it is proper for me to resign from News Corp, and apologize to those hurt by the actions of the News of the World."

Hinton ran News International, News Corp.'s British newspaper unit, for 12 years before moving to Dow Jones in 2007.Replica Oakleys Wholesale

Hinton, 67, had worked alongside Murdoch for more than five decades. HE spent his entire career working for Murdoch, starting as a reporter at the Adelaide News in Australia. Legend has it that he used to collect Murdoch's sandwiches. Oakleys Fake Wholesale

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