21st Century Fox Inc. investors not affiliated with Rupert Murdoch and his family supported a proposal to create an independent chairman of the film and television company by about a 2-1 margin.
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.
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.
Rupert Murdoch, chairman and chief executive officer of News Corp., jousted with shareholders at the annual meeting, parrying charges of lax oversight and employing wit as he sought to disarm critics.
Christian Brothers Investment Services urged investors to oppose the re-election of News Corp.’s board, including Chairman Rupert Murdoch.
Volvo AB, the world’s second-largest maker of commercial vehicles, is expected to appoint BP Plc’s Carl-Henric Svanberg as chairman, according to a person with knowledge of the matter.
News Corp. is surveying its biggest shareholders on Chairman and Chief Executive Officer Rupert Murdoch’s succession and his family’s control of the media company, said three people with knowledge of the polling.
"The level of family control-- Mr. Murdoch owns 40 percent of voting shares-- and the dual-class share structure which denies voting rights to Class A shareholders, were engineered to keep power in the hands of Mr. Murdoch."
- Julie Tanner on Oct 18, 2013