Wednesday, October 17, 2012

Rupert Murdoch survives new bid to oust him from News Corp

Rupert Murdoch survived yet another attempt to oust him as chairman of his News Corp media empire, the second straight year he has defeated critics who say his family wields too much control over the company.
Shareholders re-elected Murdoch, his two sons, Lachlan and James, and the rest of the company's returning board members during a 75-minute meeting in Los Angeles. They also voted against proposals that would have separated the chairman and CEO roles held by Murdoch and eliminated News Corp's dual class stock structure, which gives the Murdoch family voting control of the company.

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