Activist investors demand Murdoch give up Fox chairmanship

[Newsjock]

Source: Los Angeles Times

... The company, now named 21st Century Fox, holds its annual shareholder meeting Friday in West Los Angeles. There, votes will be collected and counted.

Advisory firms Institutional Shareholder Services and Glass Lewis again have recommended that shareholders dump most of the 21st Century Fox board members -- including Murdoch, his two sons, James and Lachlan, and Chase Carey, the company's chief operating officer. The firms also have called for an independent chairman to be appointed.

California State Teachers Retirement System, which represents 862,000 California educators, said Thursday that it has voted against the entire slate of board members. CalSTRS also voted to install an independent chairman to replace Murdoch.

... Christian Bros. Investment Services, which oversees $4.6 billion in investments on behalf of Catholic dioceses, educational institutions and healthcare facilities, has been leading the charge for Fox's independent board members to step out from Murdoch's shadow.

Read more: http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-activist-investors-demand-murdoch-give-up-fox-chairmanship-20131017,0,3850161.story

[dipsydoodle]

1. This is a regular event unlikely to change with the two new companies.

Fact is they never manage to round up enough voting shares to achieve anything.

[Rebellious Republican]

2. Key Word ACTIVIST, code word in MSM headlines, these people are just nuts, ultra libtards....

pay no attention to them. They have everyone conditioned to immediately turn off.