Julie Tanner News
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News Corp. fended off an investor proposal calling for an independent chairman only through the 40 percent voting stake controlled by Chairman and Chief Executive Officer Rupert Murdoch.
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News Corp. Chairman and Chief Executive Officer Rupert Murdoch said shareholders rejected a proposal to split the top two roles at the company, based on a preliminary count of votes.
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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.
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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.
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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.
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Rupert Murdoch’s refusal to take responsibility for the hacking scandal that has slashed $5.5 billion from the market value of News Corp. may undermine his credibility as chief executive officer.
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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.
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Goldman Sachs Group Inc. , the fifth- biggest U.S. bank by assets, said shareholders re-elected the company’s directors and approved a compensation plan for top executives.
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James Murdoch and his brother Lachlan, sons of billionaire Rupert Murdoch, should be replaced on the News Corp. board to improve accountability at the company, an Australian pension fund group said.
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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.
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