That News Corporation meeting happened just the way FishbowlNY thought it would: A lot of shareholders voted against the Murdochs (especially James) and in the end nothing happened. According to Businessweek, one third of the investors voted against the election of James Murdoch and Lachlan Murdoch to the board:
James Murdoch, deputy chief operating officer and son of the chief executive officer, received the most votes against his election, at 35 percent, according to figures released by the company yesterday… Thirty-four percent of shareholders voted against Lachlan Murdoch, 40, while 14 percent voted against Rupert.
While this might — just maybe, be enough to get Rupert to throw James under the bus for the hacking scandal, as you can see, three-quarters of the shareholders still favored keeping the elder Murdoch in place. And if he’s there, nothing beyond James’ removal will change.
- News Corp. Has Spent $382 Million on Phone Hacking Scandal Legal Fees
- Senator Seeks Evidence in News Corp. Phone Hacking
- News Corp Brushes Aside Secret Rupert Murdoch Recording
- Leveson Report Suggests News Corp. Cover-Up