Guess you can’t be CEO if facing sexual harassment allegations, but you can be an “informal adviser’ to the one who replaces you,.

“Network parent 21st Century Fox said Thursday that Rupert Murdoch, the company’s executive chairman, would run Fox News and its sister Fox Business Network, which Ailes had also led, until a successor could be found. (AP)

“Murdoch and 21st Century Fox did not address the widening scandal in the statement on the resignation but lauded Ailes for his contributions. Ailes did not comment in the statement, and no details were given on a settlement agreement.

“I am personally committed to ensuring that Fox News remains a distinctive, powerful voice,” Murdoch said. “Our nation needs a robust Fox News to resonate from every corner of the country.”

“Cutting short a vacation, the 85-year-old Murdoch addressed Fox News employees in New York on Thursday. Details were not given on the settlement agreement for a contract that was supposed to run through 2018, but Ailes is expected to get a payment of at least $40 million.

“Fox is heading into a general election campaign in its customary spot at the top of the ratings, but without the man who sets its editorial tone every day. The announcement came on the day Donald Trump is to accept the GOP nomination for president, a speech likely to be watched by more people on Fox than any other network.”

“Documentary filmmaker Robert Greenwald, who made 2004’s “Outfoxed: Rupert Murdoch’s War on Journalism,” said he hopes the younger Murdochs will take this moment to change the network’s philosophy.

“I certainly think that some of the hatred and anger and racism and fear that we’re seeing in this election has clearly and absolutely been stoked and stroked by Fox News,” he said. “Once he’s gone, I hope the younger Murdochs will attempt to take an approach in which it does become a news outlet rather than a propaganda outlet.”