Investor anger at Rupert Murdoch’s gift to Republican Party
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Shareholders in News Corp, the media conglomerate chaired by Rupert Murdoch, are preparing to vote against the re-election of company director Sir Rod Eddington in protest at Murdoch’s decision to donate $2 million to the Republican Party.
F&C Asset Management, the investment group listed in London, will not back the re-election of Eddington, a former chief executive of British Airways, at News Corp’s annual meeting in New York on Friday. Eddington is a long-serving News Corp director who chairs the company’s audit committee.
A private US foundation which owns a small stake in News Corp also plans to vote against as it voices its concerns about the donations. The Nathan Cummings Foundation has written to News Corp’s board, asking it to disclose all political spending before Friday’s meeting.
News Corp recently gave $1m to the US Chamber of Commerce, a business lobby which campaigns for the Republicans to retake control of Congress.
In August, the company donated $1m to Republican candidates standing for election next month.
Not a Rupert Murdoch newspaper
A Rupert Murdoch newspaper
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The LA Times is part of the (Chicago) Tribune Group – not News Corporation ….
That’s what I said didn’t I Chris.
Not a Rupert Murdoch newspaper
Isn’t that Joseph Goebbel’s grandson Dustin Goebbels in the thumbnail? Think he anchors the lead-in to Beck on Monday nights.
Well spotted, Dustin it is.
[…] This post was mentioned on Twitter by Walter Levin, Holte Ender. Holte Ender said: RT @madmike1 Investor anger at Rupert Murdoch's gift to Republican Party http://bit.ly/bxPBXf […]
Murdoch has always been a worry. Maybe he’ll ‘fall’ off a boat one day like Bob bob bob Maxwell did to so many peoples relief