Gloomy times for News Corp. Chairman and CEO Rupert Murdoch (right) and wife Wendi Deng Murdoch after more than 30% of shareholders voted against his sons James and Lachlan remaining on the board.
Gloomy times for News Corp. Chairman and CEO Rupert Murdoch (right) and wife Wendi Deng Murdoch after more than 30% of shareholders voted against his sons James and Lachlan remaining on the board. Getty Images

Shareholders vote against Murdochs

MORE than 30 per cent of News Corporation shareholders voted against the company's remuneration report and the re-election of James and Lachlan Murdoch to its board.

Voting numbers from the company's annual general meeting, held in Los Angeles last week, were released to the Australian stock exchange (ASX) on Tuesday.

All directors were re-elected to their positions on the News Corp board at the meeting, and the company's remuneration report was approved.

But the numbers show 34.8 per cent of shareholders were against the re-election of deputy chief operating officer James Murdoch while his brother Lachlan received a 33.7 per cent vote against his re-election.

Chairman and chief executive Rupert Murdoch was more comfortably re-elected, with 84.4 per cent of shareholders voting in favour.

Read more at brisbane.times.com.au


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