The one thing that can knock this purveyor of tripe off his pedestal, he can safely ignore the little people and their governments; but when the shareholders revolt it is another thing entirely
A powerful group of News Corp's shareholders have accused Rupert Murdoch of "egregious" behaviour and treating his media empire like a "family candy jar".
Snicker, Bwahahahaha
"These revelations should not have taken years to uncover and stop," the filing adds. "[They] show a culture run amuck within News Corp and a board that provides no effective review or oversight."
So not just in one British rag but right across the whole organization.
That has got to sting a trifle...
It gets nastier
"News Corp's behaviour has become an egregious collection of nepotism and corporate governance failures, with a board completely unwilling to provide even the slightest level of adult supervision," said Jay Eisenhofer, a Grant & Eisenhofer lawyer representing the shareholder group.
Now just to link the evil man directly...
Bring on the charges!
The shares were down 5% at $16.50 in New York trading at 3.45pm London time. The shareholder lobby group owns less than 1% of News Corp stock.
Yay!
That is going to make the shareholders even more pissed than they are already.
May news Corp sink without a trace.
11:11 AM PT: Hat tip to ridemybike...watch the show
http://money.cnn.com/...