Rupert Murdoch urged to quitApril 3rd, 2012 - 8:47 pm ICT by IANS
London, April 3 (IANS) An influential shareholder has urged Rupert Murdoch to quit as chairman of the US-based News Corp so the company can appoint an independent leader.
The Christian Brothers Investment Services (CBIS) manages around 2.5 billion pounds worth of funds, mainly for Catholic institutional clients.
However, the CBIS resolution is unlikely to be passed as the Murdoch family controls 40 percent of the votes, the Daily Mail reported Tuesday.
But it will put pressure on the board to reduce the 81-year-old media mogul’s role.
Under Murdoch, News Corp has grown to become one of the world’s most powerful media companies, but has been badly hit by allegations of phone hacking.
The News of the World newspaper, owned by News Corp and published in Britain, was closed last July as it was engulfed by the hacking scandal.
- Murdoch quits as News International director (Lead) - Jul 22, 2012
- James Murdoch resigns as News International chairman - Feb 29, 2012
- Rebekah Brooks released on bail - Jul 18, 2011
- Rebekah Brooks arrested? - Jul 17, 2011
- James Murdoch resigns from the board of News Group Newspapers - Nov 23, 2011
- Rebekah Brooks arrested over phone-hacking allegations (Lead) - Jul 17, 2011
- Alec Baldwin walks out on Emmys - Sep 19, 2011
- Murdoch not fit to lead News Corp: British MPs - May 01, 2012
- News International CEO Rebekah Brooks quits (Lead) - Jul 15, 2011
- Five employees of The Sun held in Britain - Feb 11, 2012
- Phone hacking cases against News Corp to be filed in US courts - Apr 12, 2012
- Murdoch's wife becomes internet sensation - Jul 20, 2011
- Murdoch's News Corp withdraws bid for BSkyB - Jul 13, 2011
- James Murdoch quits boards of Sun, Times - Nov 23, 2011
- Every fifth London police PR person worked for Murdoch - Jul 20, 2011
Tags: allegations, cbis, daily mail, independent leader, institutional clients, investment services, london, media mogul, news corp, news of the world, news of the world newspaper, phone hacking, rupert murdoch, scandal, shareholder