Media Money
- Facebook's COO Sheryl Sandberg to Harvard Grads: ‘Can You Click On an Ad or Two’
- NCTA Trends: Mobile video, Watch ESPN and TV Everywhere
- Discovery CEO David Zaslav on OWN, Global Growth & Netflix Impact
- National Cable Show: Cloud, Wifi, TV Everywhere Loom Large
- Facebook: Hacking All Night to an IPO
- Why Facebook Is Celebrating Its IPO With a Hackathon
- Inside Facebook's Money Machine
- Sheryl Sandberg: Facebook's Billion-Dollar Woman
- Diablo III Launch Breaks Records and Servers
- Privacy in Focus Ahead of Facebook IPO
RSS FEED
MOST SHARED
- JPMorgan Dips into Cookie Jar to Offset "London Whale" Losses
- European Shares Buoyed by China Stimulus Hopes
- As Irish Head to Polls, ‘No’ Voices Get Louder
- Shell Puts Alberta Oil Sands Project on the Block
- Euro Isn’t Loved, but Few Want to Drop It, Poll Says
- US Law Firm Dewey Files for Chapter 11, Seeks Liquidation
- U.S. Winds Down Longer Benefits for the Unemployed
- Glitches Halt New Goldman Trade Platform
- China Moves to Tame Microbloggers
- Funds Cut Exposure to Euro Zone Banks
- Facebook: The Song — Yes, We're Serious
- A New Look at the ‘New Poor’
- Six Pack: Beer Buzz of the Week
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Under Pressure, FHA Skews to Wealthier Home Buyers
- Big Stock Upside for Hudson City Deal: Analyst
- 5 High-Yield Stocks Ready to Boost Dividends
- Yoshikami: Four Things You Need to Know About Gold Now
- Steinbock: The Euro Zone Endgame Begins
- Euro Isn’t Loved, but Few in Europe Want to Drop It: Poll
- Madoff Case Is Paying Off for Trustee ($850 an Hour)
- Euro Zone Bank Safety Net Leaves Holes Unplugged
- Glitches Halt New Goldman Trade Platform
- Samsung Galaxy S3 a Threat to the IPhone?
- Greece Pours $22.6 Billion Into Its Four Biggest Banks
- Funds Cut Exposure to Euro Zone Banks
- US Markets Will Be Watching Europe—And Jobs Report
- As Irish Head to Polls, ‘No’ Voices Get Louder
Protesters and New Allegations of Hacking Greet Murdochs at News Corp Annual Meeting
Text Size 
CNBC Correspondent
 |
Getty Images News Corp. Chairman Rupert Murdoch leaving a London hotel after meeting with the family of murdered school girl Milly Dowler on July 15, 2011. |
Rupert Murdoch has another headache on his hands - new allegations of hacking on top of shareholders advocating for his ousting.
Murdoch kicked off the meeting with glowing comments about the state of the company, saying that the company's "in good shape to prosper."
But it seems company hasn't yet put the hacking scandal behind it.
Protesters and shareholders are out in force today at the News Corp [NWS
Loading...
()
] annual meeting, underway right now at Fox Studios in Los Angeles, where I'm reporting from today. About 300 shareholders gathered to voice concern about the Murdoch family's stranglehold of control on the board vote on the re-election of directors. Meanwhile outside over 100 protesters shouted and carried signs attacking the "Murdoch Mafia."
The big bombshell in the meeting came from Tom Watson, the British member of parliament who spearheaded the UK's investigation into the phone hacking scandal. He said Murdoch's papers have been involved in hacking into computers as well and asked Murdoch flat-out if he knew about any computer hacking.
Murdoch responded, "I am not aware of any of that" and said that if Watson has information, he should let them know.
Other shareholders spoke, advocating for an independent board, many saying Murdoch should be ousted. One complained about Murdoch's compensation — the company responding that it's tied to company performance and in line with Murdoch's peers.
Votes were cast and the results will be posted online later. Shareholders didn't get a chance to accost Murdoch after the meeting — he was quickly ushered out.
The Murdoch family controls 40% of votes with ally Saudi Prince Alwaleed controlling another 7%, so it's unlikely that today's vote will result in Murdoch and his sons being ousted. But depending on how the votes come in, it could precipitate real change in pushing for a more independent board.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes
