Saturday, July 9, 2011

Church of England embarrassed by its link to phone tapping News Corp

Senior Anglicans are said to be "embarrassed" by the disclosure of the Church's links with the parent company of the News of the World.

The Church Commissioners, which manage investments on behalf of the Church of England, own almost 350,000 shares in News Corp, worth £3.8 million.

The Church's ethical investment committee has now written to Mr Murdoch calling on him to hold senior executives to account over the "gross failures of management" over phone-hacking at the News of the World.

What the heck... it's easy to solve the whole conscience thing! Just get Sydney Diocese to manage the money!

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