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 Murdoch to face shareholder revolt at News Corp AGM - again

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RR Phantom

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Murdoch to face shareholder revolt at News Corp AGM - again Vide
PostSubject: Murdoch to face shareholder revolt at News Corp AGM - again   Murdoch to face shareholder revolt at News Corp AGM - again Icon_minitimeWed Oct 14, 2015 4:24 am
Rupert Murdoch will once again face a shareholder push to eliminate the media conglomerate's dual-class share structure which allows the Murdoch family to control nearly 40 per cent of voting power despite owning close to 14 per cent of the company.

Murdoch to face shareholder revolt at News Corp AGM - again 1444761320675

It's not the first time Mr Murdoch has faced such a revolt, having staved off several attempts in recent years to create a voting structure which equates to one vote per share. However, it is a difficult vote to get across the line due to the high concentration of voting stock held by the Murdochs.

The vote will take place overnight on Wednesday at News Corp's annual general meeting in New York.

News Corp has two classes of stock; A, which hold no voting rights, and B, that hold voting rights.

Read more: http://www.smh.com.au/business/media-and-marketing/rupert-murdoch-to-face-shareholder-revolt-at-news-corp-agm-20151013-gk7si6.html#ixzz3oWqKR8sY
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