Rupert Murdoch must step down as News Corporation chair – shareholders

[malaise]

http://www.guardian.co.uk/media/2013/may/08/rupert-murdoch-news-corporation
<snip>
Dissident shareholders are pressing once more for the media mogul Rupert Murdoch to step down as chairman of News Corporation.

Shareholders from the US, UK and Canada filed a resolution on Tuesday, calling for News Corp to appoint an independent chairman. A similar resolution attracted strong support at the media company's annual shareholder meeting last year.

The proposal was introduced by Christian Brothers Investment Services (CBIS), which manages $4.6bn for Catholic institutions worldwide. It is backed by the UK's Local Authority Pension Fund Forum, with assets of £115bn ($178.9bn), and British Columbia Investment Management Corporation, one of Canada's largest institutional investors.

In a separate resolution, Nathan Cummings Foundation, an ethical investment group, has called on News Corp to end the dual-class share structure that allows the Murdoch family to control its media empire despite owning a minority of shares.
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PHEW! The end is nigh!

[Old and In the Way]

1. Guess I need to look into CBIS a little more.

I'd wager their social investment objectives are a little different then RCC Holdings, LLC.

[RevStPatrick]

2. No, the end is not nigh.

CBIS doesn't own nearly enough stock to make a dent.
Calpers and a few other big shareholders are on board, but combined they don't have anywhere near the votes to oust old Rupie. They've tried and failed at this before, it will fail again.

Too bad, really...

[no_hypocrisy]

3. This sentiment would have more significance if they were majority shareholders.

Which they are not.

Nice try.