Shareholders rage against Murdochs

 
City A.M. Reporter
JAMES Murdoch, the presumed heir to the News Corp media empire, felt the wrath of the firm’s shareholders yesterday, with nearly 35 per cent of its investors voting against his re-election to the board.

James, the youngest son of News Corp chairman Rupert Murdoch, garnered only a 65 per cent approval vote.

James was formally recalled to parliament yesterday to clarify discrepancies in his evidence regarding the phone hacking scandal at the firm.

Rupert Murdoch was re-elected with a nearly 85 per cent approval. The percentage of against votes cast for Murdoch is even higher after accounting for the fact that the Murdoch family controls 40 per cent of News Corp’s voting shares.