RICH PICKINGS: Let me drive, dad

For older entreprenuers like Frank Lowy, Rupert Murdoch and Harry Triguboff, strong succession plans are essential. However, sometimes stepping down from you beloved empire isn't that easy.

During his recent royal tour of Australia, News Corp executive chairman Rupert Murdoch, who is aged 78, made a few telling admissions on the issue of succession.

In an interview with Sky News, he revealed that a special committee of the News Corp board meets every three or four months to discuss the topic of who might follow Murdoch in the top job.

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