Just this week, Murdoch joined a long line of business-owning patriarchs who've handed their corporate jewels to their kids. As is the case with James Murdoch, 42, and his older brother Lachlan, 44, children of company founders have often been publicly groomed since their school days to assume the mantel of the family business.
Brian Roberts, the Comcast (CMCSA) CEO, is one example. His father, Ralph J. Roberts, died on Friday at the age of 95, reminding investors of Philadelphia-based Comcast of the lineage that runs through the country's largest cable-TV provider. Whether James Murdoch will be as highly regarded as the younger Roberts is a matter to be played out over the coming years.
Yet, as we approach Father's Day on Sunday, we can only wonder whether Rupert Murdoch -- and Fox's investors -- will rest easy with James and Lachlan poised to take over the global television and film company he began building from a local newspaper in Adelaide, Australia back in the 1950s.
Here's how things panned out for other dads who've handed their kids the right to run the family business: