LOS ANGELES (Reuters) – Media mogul Rupert Murdoch was re-elected chairman of Twenty-First Century Fox Inc despite protests from shareholder groups who sought to separate the chairman and chief executive positions of the family-dominated company.
Shareholders elected the 82-year-old CEO, his two sons, Lachlan and James, and the rest of the company’s 12-person board during the meeting on Friday at the Fox studio lot in Los Angeles.
Shareholders Christian Brothers Investment Services and the British Columbia Investment Management Corporation in Canada unsuccessfully proposed the appointment of an independent chair of the company, citing “the level of family control, and the influence this may bring to the impending reorganization.”
Read the rest of the story at Reuters.
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