Mark Hurd Stepping Down from News Corp. Board
In a regulatory filing (spotted by Bloomberg's Sarah Rabil), News Corp. (NWS) said that Hurd's term as a director will end after the company's Oct. 15 annual meeting. "After discussions between the company and Mark Hurd, it was determined that he would not be considered for re-election," a spokesman told Rabil.
DailyFinanceraised the question of whether Hurd would be allowed to remain on News Corp.'s board -- the only one he now sits on -- shortly after the allegations about his relationship with former actress Jody Fisher came to light. He was News Corp.'s third-highest-paid director, with total compensation of $206,605 in 2009, including $111,000 in cash.