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Tuesday, October 11, 2011

Campaign Grows To Oust Murdoch

Shareholder service advises ousting Rupert Murdoch, two sons and 10 other directors from NewsCorp board


The shareholder-led campaign for an overhaul of Rupert Murdoch'sNews Corporation is gathering momentum, with a call from the advisers Institutional Shareholder Services for 13 of the company's 15 directors to be voted off the board.

ISS, whose 1,700 clients include pension funds, trade union funds and asset managers in the United States and around the world, issued a condemnation of the media conglomerate's executive and independent directors on Monday.

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