News Corp Investors Want Murdochs Out

  • October 14, 2011

Hermes Equity Ownership Services, the shareholder advisory service affiliated with Britain's largest pension fund, asked investors to vote against all Murdoch family (Rupert, James, Lachlan) re-elections to the board at the October 21 general meeting, reports Reuters. The organization, which votes on behalf of the BT Pension Fund and more than 20 other institutional clients running $140 billion of assets, also wants an independent investigation into the phone hacking scandal that led to The News of the World's closing. Earlier this week, Institutional Shareholder Services Inc. (ISS) said Murdoch and 10 other News Corp directors should be ousted from board.

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