Murdoch to stay as head of News Corp

Murdoch to stay as head of News Corp

Head of News Corporation Rupert Murdoch has survived a petition by some shareholders to have him removed from his role as Chairman and CEO, following months of scandal in regards to phone hacking in Britain.

At the organisations AGM, shareholders have voted down calls for change at the helm of News Corporation, despite pressure from institutional investor groups and pension funds.

Some shareholders were hoping to remove him from both positions and restructure the board, getting rid of both¬†Murdoch’s sons, Lachlan and James.

Mr Murdoch says the move shows investors do have faith in the future of the company.

About author

Amy Whittaker
Amy Whittaker 1402 posts

Amy joined the NRN team in August 2011, before graduating from a B of Arts (Communication-Journalism)/B of Sports Studies from Charles Sturt University in December 2011.

View all posts by this author →

You might also like

British PM promises EU referendum

British PM David Cameron has promised to hold a referendum on whether to leave the EU if he wins the next election.

Baby prince presented to the world

The Duke and Duchess of Cambridge have presented their first born to world, after Catherine gave birth to their new son yesterday.

Thai Opposition MP's resign

Thailand’s main opposition party has announced all of its MPs will resign en masse.

Typhoon Bopha toll nears 300

At least 270 people have died from Typhoon Bopha in the Philippines.

0 Comments

No Comments Yet!

You can be first to comment this post!