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Rupert Murdoch urged to quit
Tuesday April 03, 2012 07:50:45 PM,
IANS
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London: An influential shareholder has urged Rupert Murdoch to quit as
chairman of the US-based News Corp so the company can appoint an
independent leader.
The Christian Brothers Investment Services (CBIS) manages around
2.5 billion pounds worth of funds, mainly for Catholic
institutional clients.
However, the CBIS resolution is unlikely to be passed as the
Murdoch family controls 40 percent of the votes, the Daily Mail
reported Tuesday.
But it will put pressure on the board to reduce the 81-year-old
media mogul's role.
Under Murdoch, News Corp has grown to become one of the world's
most powerful media companies, but has been badly hit by
allegations of phone hacking.
The News of the World newspaper, owned by News Corp and published
in Britain, was closed last July as it was engulfed by the hacking
scandal.
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Picture of the Day |
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Union Minister for Human Resource Development and
Communications and Information Technology Kapil Sibal briefing
the media on two years’ of Right to Education (RTE), in New
Delhi on March 31, 2012. Secretary, SE&L, Ministry of HRD Mrs
Anshu Vaish is also seen.
(Photo:
Deinesh Kumar) |
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