We promised news on the News Corporation Annual General Meeting in light of the scandal which has seen phone numbers around the UK and the world hacked, from 020 numbers to mobile phone numbers. The event certainly raised more than a few eyebrows for the votes cast against the Murdochs.
Rupert Murdoch was opposed by 14%, up from 2% the previous year.
Around 35% opposed his son's, James Mudoch, re-election, what is important to remember is that the Murdoch family owns around 40% of the shares on News Corp. Taking that into account, the rest of the shareowners make up around 60%, so over half of the non-Murdoch family shareholders voted against James Murdoch.
Murdoch was once indestructible, as was his empire. Slowly, bit by bit, he is taking a knocking.
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