Pssssssst -News Corp shareholders step up bid to oust James Murdoch

[malaise]

News Corp announced on Wednesday that Murdoch was giving up his position as executive chairman of News International – the British publishing division hit by the phone-hacking scandal – and returning to New York "to assume a variety of essential corporate leadership mandates".

Shareholders are already drafting resolutions ahead of this year's annual general meeting to step up pressure for change at the media firm. The deadline to file is May.

"It's business as usual," said Julie Tanner, director of socially responsible investing at shareholder Christian Brothers Investment Services (CBIS). "This is a very minor step in the right direction. I have not seen any significant changes in governance policies or a code of ethics."

CBIS led last year's shareholder revolt against the Murdochs at News Corp's AGM. That vote ended with 35% of shareholders voting against James Murdoch's re-election to the board. After subtracting the shares controlled by Rupert Murdoch, 67% of the vote went against James Murdoch.
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That corrupt scumbag is crossing the pond to help Fox fugg up America some more.
When will these scoundrels be locked up permanently???

[malaise]

1. Another good link

http://www.guardian.co.uk/commentisfree/cifamerica/2012/feb/29/james-murdoch-exit-news-international?intcmp=239
<snip>
What's done is done – even if they don't yet acknowledge that it is 100% done.

James Murdoch, hopelessly tarred by the phone-hacking scandal, exits his position as chairman of News International, the tainted News Corp subsidiary in the UK, and takes up, in his father's words, "a variety of essential corporate leadership mandates, with particular focus on important pay-TV businesses and broader international operations."

The reality is stark: everybody in the company blames James for the terrible things that have happened in London. They blame his father for falling under James's sway – but blame James more for swaying him.

"Who would have thought anybody could make Lachlan look good," said one of Murdoch's close executives, referring to the contrast between James and his brother Lachlan, who once was the heir apparent – and, in his moment, another headquarters albatross. But starker still, within News Corp, there is a structural analysis of why everything in London went so wrong – with James as the faulty linchpin.

In his father's determination to elevate James, James Murdoch found himself with vastly more power than he should have had. He used it, as power-mad people are wont to do, to grab more power. He did this by pressuring his father to push out all the key executives – chief operating officer Peter Chernin, general counsel Lon Jacobs, communications chief and Rupert-right hand Gary Ginsberg – who, for so long, had so adroitly steered Rupert and the company. And they had had a tight hold on his ear – for Murdoch often tends to listen most to the last person he has spoken to.
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I'm lovin' it.