BSkyB Finance Chief Quits

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http://news.bbc.co.uk/1/hi/business/3458967.stm

BSkyB finance chief Stewart quits


UK satellite broadcasting giant BSkyB has lost its chief financial
officer Martin Stewart just three months after he failed to secure the top
job.
Mr Stewart - who had been in the running to become chief executive
after the departure of Tony Ball last year - is leaving "to pursue other
interests".

Rupert Murdoch's son James was appointed chief executive of the
pay-TV
group in October last year.

BSkyB has not yet announced a replacement for Mr Stewart.

Controversy

The younger Murdoch's appointment was fiercely contested by some
shareholders when he took up the post in October.

They feared that James Murdoch would favour News Corporation's
interests and that he was not experienced enough to run a major company.


Some shareholders contested James Murdoch's appointment
The City was increasingly concerned that the controversial
appointment
would lead top executives to exit the company.

In response, BSkyB set up a new corporate governance committee to
look
at what changes, if any, were needed in Sky's boardroom.

"It can be taken as (James Murdoch) stamping his authority all over
the firm and getting rid of the last Tony Ball ally, which is Martin
Stewart, who is very highly thought of," said one anonymous investment
banker in London, speaking to Reuters.

When Tony Ball quit the firm he was given a £10m payment on the
condition that he did not take up a job with one of Sky's rivals.

But Sky has refused to say whether Mr Stewart would receive a
similar
sweetener.

James Murdoch= keep the monopoly in the family

£10m payment to Tony Ball = Hush money on not to tell how Sky break laws and
small money to Sky anyway who charge subscribers a fortune for nothing but
crap!

£10m payment to Tony Ball = Hush money on not to tell how Sky break laws and
small money to Sky anyway who charge subscribers a fortune for nothing but
crap!

How does Sky break laws then? Do enlighten us...

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