News Corp. Chief Executive Officer Rupert Murdoch, still coping with a phone-hacking scandal that erupted at the company’s U.K. papers last year, faces renewed calls from shareholders today to step down as chairman.
Lloyd Blankfein, Goldman Sachs Group Inc.’s chief executive officer, faces another test of his leadership this week when he addresses the firm’s annual shareholder meeting 10 days after a showdown with U.S. senators.
One third of News Corp. shareholders voted against the election of Rupert Murdoch’s sons to the board, a protest against the family’s control over the media company in the wake of a phone-hacking scandal.
News Corp. investors seeking to curb Chairman and Chief Executive Officer Rupert Murdoch’s authority will use tomorrow’s annual meeting to press for reform, looking to persuade a board they can’t force to act.
News Corp. Chairman Rupert Murdoch, facing the fallout from alleged phone-hacking at a London newspaper, got a vote of confidence from Saudi Prince Alwaleed bin Talal Al Saud, one of the company’s largest shareholders.