Wednesday, May 2, 2012

Uh Huh

In answer to the question: what can they do about it? Nothing.
WASHINGTON — Rupert Murdoch faces stepped up pressure over control of News Corp. following a blistering report from British lawmakers on a hacking scandal but his grip on the firm is not in immediate danger, analysts say.

That is because Murdoch holds the reins of the New York-based global media group through a stock structure which gives him and family members most of the voting shares in News Corp.

“It’s impossible for shareholders to oust the management of the company,” said Columbia University law professor Robert Jackson, who studies corporate governance and ethics.

  Raw Story

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