Monday, October 24, 2011

News Corp. Shareholders Vote Big Against Murdoch Sons

Shareholders re-elected all three Murdochs on the board at last Friday's annual meeting, but News Corp.'s filing with the Securities and Exchange Commission Monday reveals widespread discontent with the Murdochs' leadership, and particularly with James and Lachlan Murdoch, the sons of Chairman and CEO Rupert Murdoch.

While Rupert remained popular enough -- garnering 84 percent of the vote -- his sons were not so lucky. A whopping 35 percent of shareholders opposed James' re-election, while 34 percent opposed Lachlan's return.

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Source: http://www.thewrap.com/article/news-corp-voting-results-group-investors-oppose-murdoch-clan-32115

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