The winning formula of adding young and attractive women to his staff, has served Rupert Murdoch well in the past. He keeps that gravy train rolling, even if that means painfully under-qualified major corporation board members.
Last month’s issue of Portfolio magazine gave us a first glimpse at the 27-year-old opera singer who became the youngest board member for Murdoch’ s Newscorp.
Newcorp, the world’s largest media conglomerate, owns Fox News, Business, 20th Century, etc. and continues to expand its empire. After acquiring the Wall Street Journal and Dow Jones & Co., two of the most well-known business news sources, Murdoch was required to put a member of the Bancroft Family (the former owners) on the new board of directors. Enter: Natalie Bancroft.
Natalie Bancroft, one of the youngest members of the fam, is currently training to be a professional opera singer in Milan. She has no prior business or journalism experience, but says she will ‘work her little butt off’ to figure out what the hell is going on.
She’ll be in good hands though, because she is by far the most inexperienced compared to her fellow board members. They include a former prime minister of Spain, an assistant U.S. attorney general, CEOs of major banks, and Murdoch’s very own 36-year-old son, Lachlan. Maybe he and Natalie could discuss a potential merger? Bow-chikka-wow-wow.
She’s also currently taking a journalism class to get the gist of things in the business news world. Does sitting on the board of a well-respected international media syndicate get covered in the Journalism 101 textbooks? Oh yeah, you’re right, probably after the midterm exam.
The Bancrofts are a pretty secretive family, and as such photos of them on the beach, in the shower, etc. are hard to come by. Anyone found any good shots of young Natalie or her mother Joyce Bancroft, who was supposedly a ‘Dutch-Brazilian model’, at leisure?
Let us know in the comments if you think Rupert Murdoch’s new appointment was a slick move, or creepy in a perverted uncle type of way.
Wall Street Journal: Bancrofts Bicker, Miss a Deadline, Lose Board Choice, November 7, 2007
Portfolio: Lady Sings the News, March 2008