Sky revolt over plan to crown James Murdoch: Investors complain he won't be an independent chairman



Sky found itself at the centre of a shareholder revolt yesterday over the reappointment of James Murdoch as its chairman.
More than 28 per cent of shareholders voted against Murdoch, who is the son of media mogul Rupert, over concerns about his independence.
Twenty First Century Fox – owned by 85-year-old Rupert, who is one of the world's most powerful media magnates – holds a 39 per cent stake in Sky.
There has been speculation Fox will make a bid for the remaining shares, sparking fears Murdoch will fail to negotiate the best deal for minority shareholders.
Royal London, which owns... read more

 
13 October 2016 in Business, Views: 39
Source: Daily Mail
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