"either an idiot... or possessed of a dangerous agenda and very cunning"
Sunday, 9 October 2011
News Corp news - Glass Lewis recommendations
Picked this up over the weekend, Glass Lewis (a big proxy adviser influential in the US market) has put its report on News Corp out. Not good reading for James Murdoch (or Lachlan). Next up will be ISS presumably. If they come out against JM things could get interesting. The digger can account for 40% of the votes, plus he has some investor allies, so it's very unlikely a director will be unseated. But I think we'll see some big votes against this year.