Monday, October 24, 2011
News Corp. traders oppose Murdoch sons
Protesters proven in news reports Corp. meeting round the Fox lot.British Megapixel Tom Watson was among people inside a demonstration held outdoors News Corp.s annual investor meeting on Friday.
MurdochIt's an undesirable time to become Murdoch on News Corp.'s board, according to election tallies released through the organization Monday mid-day.Traders re-selected all 15 in the company's company company directors at Friday's annual stockholders meeting, but Lachlan Murdoch and James Murdoch acquired 224,151,616 nays from 665,058,572 total votes and 232,013,203 nays from 665,041,713 total votes, correspondingly - the finest volume of negative votes received by anybody round the board. Are both the sons of chairman-Boss Rupert Murdoch, who received 91,798,107 nays from a complete of 653,483,832 votes - among the low-finish of negative tallies.Traders also very rejected a proposal to elect an impartial chairman, a move who have ultimately relieved the earliest Murdoch of the role. The proposal acquired just 1,517,604 for, 680,583,000 against.With control of 40% of voting shares, the Murdoch household is at little danger of getting ousted within the board. A mobile phone hacking scandal wracked the business within this summer time, forcing it to shutter lucrative newspaper "News round the globeInch and beginning research into parent company News Worldwide. Traders who attended last week's meeting also voiced concerns inside the board's oversight, which many saw as adding for the scandal. Contact Rachel Abrams at Rachel.Abrams@variety.com
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