Tags: US | News | Corp | Shareholders

News Corp. Holders Rebuke Murdoch's Sons

Monday, 24 Oct 2011 06:38 PM

News Corp.'s shareholders registered a significant protest vote in the wake of a phone-hacking scandal in Britain, with more than a third of votes cast going against the re-election of Rupert Murdoch's sons James and Lachlan to the company's board.

About 35 percent voted against News Corp. International CEO James Murdoch, who approved payments to hacking victims, and 34 percent voted against Lachlan Murdoch. About 14 percent of shares were cast against company CEO Rupert Murdoch.

The results suggest that most shareholders not affiliated with the family are opposed to one of Murdoch's children taking control of the media conglomerate when its 80-year-old leader steps down. Murdoch controls about 38.4 percent of News Corp.'s voting shares.

The voting results from the company's annual shareholders meeting were released on Monday.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
Companies
News Corp.'s shareholders registered a significant protest vote in the wake of a phone-hacking scandal in Britain, with more than a third of votes cast going against the re-election of Rupert Murdoch's sons James and Lachlan to the company's board.About 35 percent voted...
US,News,Corp,Shareholders,
129
2011-38-24
Monday, 24 Oct 2011 06:38 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved