News Corp. director Tom Perkins said he resigned from the board because of his age, reducing the number of independent directors at Rupert Murdoch’s media company two months into a phone-hacking scandal.
On a warm evening in June at the Monaco Yacht Club, Elena Ambrosiadou stands in front of 200 guests assembled to celebrate the 20th anniversary of Ikos Asset Management Ltd., her $2.5 billion hedge fund. Wearing a beige skirt and top and snakeskin heels, with her long hair dyed platinum blond, Ambrosiadou is flanked by big plasma screens showing her 289-foot Maltese Falcon, the largest sailing yacht in the world, gliding past the Statue of Liberty.
News Corp.’s Rupert Murdoch is struggling to control the destiny of the company he began building six decades ago after a trusted deputy was arrested and Scotland Yard’s top official quit over ties to a suspect in the phone-hacking probe.
Larry Ellison ’s plan to stage the America’s Cup in San Francisco has a price: the Oracle Corp. chief executive officer wants control of waterfront real estate rent-free in exchange for bringing the competition to the city.