When a chief executive reaches the end of its useful working life, News International executives and shareholders find it a suitable retirement home. News International retires and re-homes on average one chief executive every few years.
Before any retired chief executive is re-housed News International executives conduct an inspection of the potential new home to ensure appropriate accommodation and welfare standards. If the applicant passes this inspection the move can then go ahead.
Whilst responsibility for feeding the Chief Executive and paying health insurance passes to the person entrusted to its care at its new home, the Chief Executive remains the property of his dad.
Retired chief executives are not sold on, are not required to work in exchange for benefits and can be returned to the care of the principal shareholders in News International at any time.
In the early 2000s a request was made by the Metropolitan Police Commissioner to home a newly retired News International chief executive. News International executives conducted the normal property and welfare inspection, which was passed. As a result the newly retired chief executive “James” was loaned to the Metropolitan Police some years ago.
Shareholders and executives in News International were contacted in the summer of 2011 by an individual on behalf of the Metropolitan Police who asked News International to re-home James due to the gullibility of the British public no longer being taken for a ride. When James was returned he was regarded by shareholders in News International to be in a poor and serious condition.
James was subsequently re-housed with his dad, and later resigned of unnatural causes.