21st Century Fox Inc. investors rejected a call for an independent chairman, the third straight year activists have lost a bid to curb the influence of billionaire Chief Executive Officer Rupert Murdoch.
Rupert Murdoch’s positions as chairman and chief executive officer of 21st Century Fox Inc. should be split, shareholder-advisory firm Glass, Lewis & Co. said today in support of an investor resolution.
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. 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.
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.