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Inside the Reaction to Scholastic's Wild Revelation

Portfolio manager for T. Rowe Price has yet to hear from new board chair Iole Lucchese

(Newser) - It was a stunning revelation : Upon the unexpected death of Scholastic CEO and Chairman M. Richard Robinson Jr., the world—not to mention the company and its board—learned the $1.2 billion company wasn't staying in the family. Robinson left his controlling stake to Iole Lucchese, Scholastic's...

Married 26 Years, She Can't Watch Him Become Emperor

Unless it's on TV: Japanese succession rules bar Masako from attending Naruhito's ascension

(Newser) - On Wednesday, Crown Prince Naruhito will become an emperor and usher in the "Reiwa" era, and the world will be watching—but one important person won't be seeing it up close. Per the New York Times , Naruhito's wife of 26 years, Masako, isn't allowed to be...

High Priestess of Tokyo Shrine Killed With Samurai Sword

Police say her brother also killed accomplice before taking own life

(Newser) - The former high priest of a famous Tokyo shrine killed his older sister, an accomplice, and finally himself with a samurai sword Thursday in what police believe was a feud over succession. Police say 58-year-old Nagako Tomioka, the high priestess of the Tomioka Hachimangu shrine, was killed by her brother,...

To Plot Succession, China's Leaders Hit the Beach

Resort Beidaihe is where next generation of leaders is determined

(Newser) - With China's once-a-decade leadership transition coming this fall, the country's powerbrokers are now in the thick of furious and extremely hush-hush negotiations over who will guide the world's most populous country for the next decade. And in the brutal heat and pollution of the Beijing summer, China'...

Betty Ford Center Mess Gets Messier

Power struggle at center has many alumni, donors fuming

(Newser) - The Betty Ford Center is supposed to be a place for healing, but a long-simmering feud for control of the famous rehab facility has boiled over in the months since the former first lady passed away, causing donors to cancel their contributions in big numbers, reports the Daily Beast . At...

Firstborn Daughters Can Now Ascend British Throne

Rule change agreed to today

(Newser) - Thanks to a rule change agreed to today, Prince William’s firstborn can ascend the throne, even if that firstborn happens to be a girl. The change to the royal succession rules was approved by leaders of the 16 countries for whom the British monarch is head of state; they...

Steve Jobs Succession Plan Bound to Be Magical
 Don't Bet Against 
 Jobs' Successor 

Don't Bet Against Jobs' Successor

Steve Jobs too much of a control freak not to have succession plan

(Newser) - Ever since Steve Jobs took his medical leave of absence, Apple stock has been criminally underpriced, argues Eric Jackson of Bloomberg . “That assertion may seem absurd,” he allows, given that Apple’s market value is second only to Exxon Mobil’s, but “it should be much higher,...

Brits Debate Bumping Girls Up Royal Line

Law that favors male heirs may be ditched

(Newser) - With a royal wedding on the way, the British government is considering a move to bring the monarchy into at least the 20th century. Ministers are debating changing the law on royal succession to give females the same rights as males, the Telegraph reports. As the law stands, any son...

Kim Jong Il's Other Son Down on Succession

But will support his brother from afar

(Newser) - Kim Jong Nam, the wayward eldest son of Kim Jong Il, isn't keen on half-brother Kim Jong Un becoming North Korea’s next ruler. But not because of why you'd think: “Personally, I am opposed to the hereditary transfer to a third generation of the family,” the elder...

Korea Fetes Heir With Massive Parade

Kims in attendance at huge celebration of Workers' Party

(Newser) - With its Dear Leader and Dear Leader-apparent in attendance, North Korea celebrated the 65th anniversary of its ruling Workers Party with a huge military parade today, broadcasting the event live and even letting foreign media in to give the country and the world the first public look at Kim Jong...

Kim Jong Il's Sister Is 'Evil'

The wacko family gets wackier

(Newser) - North Korea's crazy dictator Kim Jong Il and mysterious-and-chubby heir Kim Jong Un aren't quite the Brady Bunch, so why shouldn't the elder Kim's sister turn out to be a raging alcoholic who orchestrated a fatal car accident to bump off a rival and drove her own daughter to suicide?...

N. Korea Prints Photos of Chubby Heir Apparent

Kim Jong Un gets a close up

(Newser) - North Korea introduced its chubby-faced heir apparent to the world today by way of official photos released by the country's state media. An unsmiling Kim Jong Un sports combed-back hair cut high on the sides and a communist-style black suit in the still and video images, which show the twentysomething...

Kim Jong-Il Promotes Son to Apparent Next-in-Line

Leader makes sister, youngest son 4-star generals as party meets

(Newser) - North Korea-watchers say Kim Jong Il has sent his clearest signal yet that he intends for his youngest son to lead the country after his death. State media announced the promotion of Kim Jong Un to four-star general today as the country's biggest political summit in 30 years began, the...

N. Korean Army Gives Kim's Son Tentative Nod

Succession plans progress with his election as delegate

(Newser) - The North Korean military has given Kim Jong-Un its tacit blessing to take over for his father as the country’s dictator. The military elected the younger Kim to serve as a delegate at today’s ruling party meeting, essentially giving him their backing, sources tell the Daily Telegraph . The...

Palace: William Not a 'Shadow King'

Report says queen passing duties to Wills, bypassing Charles

(Newser) - Buckingham Palace today denied a report that the queen is passing more of her duties to grandson Prince William—grooming him as a "shadow king" and bypassing Prince Charles—with a royal spokesman calling it "nonsense," reports the AP . The Mail on Sunday 's front-page story cited...

Kim Jong-Il's Son 'Visits China as Heir'

Ailing leader's youngest son meets with Chinese leaders to request aid

(Newser) - The youngest son of Kim Jong-Il is believed to have visited China last week as the heir apparent to North Korea's leadership, Reuters reports. Kim Jong-Un was sent as his father's envoy on the secret visit, according to Japanese media, and met with top Chinese leaders to request emergency energy...

China, Dalai Lama Steel for Battle Over New Tibet Leader

Dalai Lama prepared to break with tradition in selection process

(Newser) - With the Dalai Lama nearing 74, Chinese officials and Tibetan spiritual leaders are steeling for the possibility of competing successors after his death. Historically, the reincarnation of the Dalai Lama has been found within Tibet, which has been controlled by China since 1951. Chinese officials insist on adhering to tradition,...

Kim Names 3rd Son as Next 'Dear Leader'

25-year-old set to rule North Korea when father steps down

(Newser) - Kim Jong-il has designated his youngest son Jong-un as his successor to lead North Korea, according to reports in the South Korean media. It's the latest sign of dramatic transformation in the isolated nation that launched a highly controversial nuclear test last week. It remains unclear whether Jong-un, 25, will...

Buffett: 'I Didn't Cover Myself in Glory' in '08

(Newser) - So how do you replace an oracle? By splitting the job into pieces. Warren Buffett told a record gathering of 35,000 Berkshire Hathaway shareholders that he's got three internal candidates who could easily replace him as chief executive, the Financial Times reports. The 78-year-old also has four candidates to...

Women May Get Equal Rights to UK Throne

New rules also may allow royal family to marry Catholics

(Newser) - Gordon Brown's office and Buckingham Palace are considering changes to centuries-old laws that bar Catholics from the British throne and give male heirs precedence over female ones. The royal family is said to be open to changing the succession laws, and all 53 countries in the British commonwealth are to...

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