The commissioner, Edmund J. Gorman Jr., concluded in a decision filed on Saturday that the father and son, who is the head of Fox News and News Corp., had acted in 'bad faith' in their effort to amend the irrevocable trust. This ruling was based on the premise that their intentions were more about securing power than ensuring an equitable distribution among Rupert Murdoch's four oldest children.
Gorman wrote that Rupert and Lachlan's plans to change the trust were a 'carefully crafted charade' to 'permanently cement Lachlan Murdoch's executive roles.' The scathing language of the ruling suggests significant concern over how such maneuvers would strongly impact the future governance and ownership structure of Murdoch's media empire.
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