News Corp.'s Chernin gets exit clause in contract

11/29/2004 | Variety (subscription required)

Speculation that Peter Chernin, president of News Corp., wants to be the next CEO of the Walt Disney Co. is likely to grow. Chernin has signed a new contract with his present employer that allows him to take a CEO job at another publicly traded company without giving notice to News Corp. Disney's board plans to find a replacement for CEO Michael Eisner by June.

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