Names In The News
News Corp. Chair & CEO RUPERT MURDOCH has "acknowledged publicly for the first time that his son JAMES is not the preferred choice to succeed him ... at least in the near-term." Murdoch "endorsed top lieutenant CHASE CAREY as a future CEO." Murdoch: "Chase is my partner and if anything happened to me I'm sure he'll get it immediately." James Murdoch has been "under pressure since the phone hacking scandal that erupted last month at News Corp's UK operations." Meanwhile, Rupert Murdoch indicated that the company's board "wants him to remain CEO" (REUTERS, 8/10).
state employee by more than $800,000
SO THIS IS SETTLED, THEN? JIM DONNAN "has agreed to settle a lawsuit filed by an Ohio-based company alleging the former University of Georgia football coach played a principal role in orchestrating a 'far-reaching Ponzi scheme.'" Court documents reveal that Donnan and his wife, MARY, who was "also named in the suit, will transfer liquid assets" totaling roughly $5.5M to GLC Limited. The retail liquidation company, which "attracted investors including well-known college football coaches TOMMY TUBERVILLE, FRANK BEAMER and BARRY SWITZER, filed for bankruptcy in February" (ATLANTA CONSTITUTION, 8/11).
NAMES: In anticipation of JIM THOME's 600th career HR, the Twins "have directed Target Field staff to be on alert in the stands." A handful of ballpark employees "have been placed in right-field and right-center field locations to either retrieve the prized baseball or make whoever catches it a trade offer" so Thome can keep the ball (ST. PAUL PIONEER PRESS, 8/11)....Patriots Owner ROBERT KRAFT yesterday revealed that the Myra Kraft Giving Back Scholarship Fund at the Boys & Girls Clubs of Boston "has received $3 million in donations" since her death last month. The Kraft family also "plans to start an 'emergency fund' to help people who contact them with one-time, urgent needs" (BOSTON GLOBE, 8/11)....Suns F VINCE CARTER has donated $2.5M to the Carolina Basketball Family Fund, which will "support the operating endowment" for the men's basketball program at the Univ. of North Carolina, his alma mater (Raleigh NEWS & OBSERVER, 8/11)....Broncos QB TIM TEBOW's namesake foundation has selected Jacksonville-based Dreams Come True as its "official wish-granting" partner (JACKSONVILLE.com, 8/10)....T'Wolves F MARTELL WEBSTER is "seeking an internship" with singer RYAN LESLIE during the NBA lockout (ST. PAUL PIONEER PRESS, 8/11).