Bouncing Ball?

MATTHEW CAVANAUGH/AP

Rupert Murdoch

Let's say you own the largest share of a company that dominates British pay television; your subscription base has nearly doubled over the past four years; and you've just announced stellar earnings. How do you treat your chief executive: a) Extend his contract or b) show him the door? If you're Rupert Murdoch, the answer just might be B.

Murdoch seemed at his restless best last week as headlines announced that BSkyB's Tony Ball, who has led the company since 1999, may be on his way out. On his way in, according to unnamed sources in all...

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