For Rupert Murdoch's second in command, it might as well be part of the job description: a willingness to step aside for family succession plans.
With the media mogul set to hand off control of 21st Century Fox to his sons, James and Lachlan, current President and Chief Operating Officer Chase Carey will exit both those roles and become a Murdoch advisor instead.
Carey isn't the first top executive to be passed over by Murdoch. In 2009, Peter Chernin left his president and chief operating officer positions at News Corp., having realized that he would eventually be replaced by one of Murdoch's children.
Although that family ascension wouldn't happen for years —...