Business – So What Does Rupert Murdoch do in his Spare Time? - Rupert Murdoch did not get rich by being stupid and nasty. Yet because he rarely tries publicly to explain or justify what he does (in contrast to Warren Buffet) he may seem that way.
But to get a glimpse of the true Murdoch, take a look at the attached NYT article about his relationship with Chris DeWolfe at MySpace. Back in 2005 (when Murdoch paid $580 million for the site) Murdoch was one of the few who saw the potential value of MySpace and DeWolfe’s vision for growing it further. And damn if it might not prove to be a great investment because of the way Murdoch empowers Mr. DeWolfe to be bold.
An interesting side bar – DeWolfe has set up a connected company to incubate new ideas – a very nice quote from the article is worth thinking about - “We firmly believe that it’s very hard to create a disruptive technology within a larger organization.” This thought may apply to disruptive anything, yes? Yet, are there times when disruption may be needed.
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