News Corp investors to vote against Murdochs

[swag]

Source: Reuters

(Reuters) - Rupert Murdoch's multi-million dollar campaign to win back the hearts and minds of News Corporation's independent investors suffered a new blow on Friday after another key shareholder group called for his eviction from its board.

Hermes Equity Ownership Services (HEOS), the shareholder advisory service affiliated to Britain's largest pension fund, issued a rallying cry to investors to vote against all Murdoch family re-elections to the board of the embattled media group at next week's annual general meeting on October 21.

"The time is right for the company to appoint an independent chairman to rebuild trust, help correct the governance discount, and ensure that the interests of all investors are properly represented," Jennifer Walmsley, Director of Hermes Equity Ownership Services, said.

"We have a battle on our hands to demonstrate the strength of shareholder opposition because so many shares are held by the family or by people affiliated with the family," she told Reuters.

Read more: http://www.reuters.com/article/2011/10/14/us-newscorp-hermes-idUSTRE79D1FA20111014

[otohara]

1. Applause

it's something, they'll never go to jail.

[tcaudilllg]

11. Ah once they fall from their perches of power, anything is possible.

Although I don't see what good it would do, given they have enough connections and capital to start a new company quite easily. And it's not like they target audience is vanishing or anything. :P

[SoapBox]

2. Hilarious...

And anything to make their lives as MISERABLE as they have made it for MILLIONS of us.

Hey 1%er's...payback is gonna be a bitch!

[malthaussen]

3. To See Even the Faintest Glimmering

... of justice triumphing gives a warm, fuzzy feeling. Of course, these people don't object to Rupert because he's a bad boy, they just object to him getting caught. But so long as he has to eat some bitterness, je suis content.

-- Mal

[SemperEadem]

5. exactly--as long as he was making them money and keeping things out of the media

they were ok with it. They are now uncomfortable because the glare of the spotlight is creeping closer to them and they don't want to be caught out in it.

[formercia]

6. Mal content?

Had to say it...:rofl:

[malthaussen]

8. Naughty Person

:rofl:

[formercia]

9. Mais oui, toujours .

:hi:

[OnyxCollie]

4. K&R. nt

[edbermac]

7. "Rupert...you're fired!"

[Iliyah]

10. A slap on the wrist

and will give him 1 trillion dollars and 85% of the stock. What a joke.

[Vidar]

14. Now if they and the Donald would jump off Trump Tower out of despair it would make my joy complete.

[Kingofalldems]

12. Mr. Burns will counter by releasing the hounds.

[Uncle Joe]

13. Kicked and recommended.

Thanks for the thread, swag.

[totodeinhere]

15. They are facing an uphill battle if they want to unseat the Murdoch family.

The family controls 39% of the voting shares in the company. Therefore 80% of the rest of the voting shareholders would have to oppose the Murdoch family in order to wrest control from them. That's a pretty tall order.

[fascisthunter]

16. we should put a ton of money together to fund an Independent Investigation

wire tap his ass and see how he likes it. Then when we get ALL the dirt, we expose him to the World for generations to come as the fascist nutcase he is.

Ahhhhh...

[pacalo]

17. Murdoch "wants it all & doesn't understand anyone telling him he can't have it all".

That's a quote I read today about the Rebh brothers of Floorgraphics who sued Murdoch for corporate espionage, computer hacking, & threats to destroy the Rebh brothers.

It seems Murdoch is getting a crash course in rejection lately, which he very much deserves.

Two passages I liked from the article:

Rebh said Carlucci's response was that "I have always liked floor advertising, so from this point on, consider us your competitor. And he said again, words to the effect, and you should know that I work for a man who wants it all and doesn't understand anyone telling him he can't have it all. And know this, if you ever get into any of our business, I/we will destroy you."

(...)

"I think the story here is a lesson that anyone who has children or has raised a pet knows," DeMatto (former VP of marketing for Floorgraphics) said. "That if you reward bad behavior or if you ignore bad behavior, if the authorities ignore it, you'll get more bad behavior."

http://www.cnn.com/2011/10/14/us/news-corp-america/index.html?hpt=hp_t2

[femrap]

18. Karma does work!!!! nt