Friday, 25 November 2011

More BSkyB snippets

Good bit from Hugh at Responsible Investor (cough up for a sub, well-paid asset manager types!!) on pre-disclosure of votes at the BSkyB AGM. CalSTRS, Florida and Christian Brothers all opposing James Murdoch, with CalSTRS opposing the whole BSkyB board. (hat-tip to Fair Pensions for alerting me to this)

Separately Chris Bryant MP has written out to institutional shareholders urging them to oppose James Murdoch's re-election. Can't think of a previous example of this happening? Though maybe some MPs were involved in shareholder campaigns in the 1990s? (Cedric the Pig etc).

For what it's worth I expect Murdoch to be re-elected very easily, with opposition maybe as low as 10%. Enough shareholders seem to be willing to take the board's word that he's a good egg. But I also don't think this will be the end of the story...

No comments: