at 91 he will work remotely from Montana- Corriere.it
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Rupert Murdoch, the founder and 91-year-old executive chairman of the News Corp publishing group, authorized to work remotely. The news was spread by the American press and one wonders why a person who holds such an important role in the company he founded himself needs to receive approval to be able to work comfortably from his villa. Murdoch found it necessary to define the transfer of his day-to-day business activities to his ranch in Montana – which he bought with his wife Jerry Hall in late 2021 for $ 200 million – through a document filed in July with the Securities and Exchange Commission. , the United States Federal Stock Exchange Supervisory Body).
The conditions (precise)
This is a full-fledged contract that provides many details on how Murdoch’s work will be carried out from here on out: from the tools he will have to use (telephone, computer, office furniture and even business cards with the address and number of your home in Montana) to to the precise communication of the days he intends to spend at News Corp’s headquarters. As a condition of employment at the company – the document reads -, you will be required to maintain a home office. The company will no longer maintain designated office space or other regular business accommodations for you in any of the News Corp offices. workspace for visiting employees. But he will not be the only one to have to move: it is also not excluded, as we read, that the company may also hold meetings of the Board of Directors from time to time in Montana.
The rent paid by the company
The agreement presented to the SEC also establishes that his workstation is located in a well-defined area of the house that must be used exclusively for his business activities and well separated from the rest of the spaces. This detail should mostly have to do with disc, legal and insurance contract issues. But it doesn’t end here: company agrees to pay rent to K. Rupert Murdoch 2004 Revocable Trust, owner of the ranch in Montana. With the lockdowns due to the Covid pandemic, many companies have adopted hybrid or flexible forms of work, in which employees are allowed to spend part of the time at home and part of the time in the office. What is striking is that the president as well as the founder of the company, in this specific case, does not reserve privileged treatment but his remote work is regulated in every detail exactly as for any employee.
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