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Murdoch jnr picks up £1.2m bonus from BSkyB
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<blockquote data-quote="gameboy" data-source="post: 135893" data-attributes="member: 177511"><p>Hermes, one of Britain's most influential fund managers, has written to BSkyB saying that it will vote against the company's request for a controversial exemption from takeover rules, writes the Sunday Telegraph. </p><p></p><p>The exemption would allow Sky to buy its own shares without triggering a bid for the company by News Corporation, the media giant which owns about 37%of Sky and is controlled by Rupert Murdoch. </p><p></p><p>The fund manager says that it is taking a stand against Sky <strong>because it no longer trusts Rupert Murdoch</strong>, who chairs the TV company, the paper says. </p><p></p><p>Source: ShareCast</p><p></p><p><strong>More...</strong></p><p></p><p>BSkyB has warned shareholders they will miss out on a £490m windfall if they carry out their threat to vote against the company's resolutions at its annual meeting next month.</p><p></p><p>Some of the satellite broadcaster's largest shareholders want to take revenge on the company, run by James Murdoch, because of the actions taken by his father, Rupert, at News Corporation where they also own shares. News Corp in turn owns a 37.14 per cent stake in BSkyB.</p><p></p><p>On Friday it emerged that furious News Corp shareholders are to sue the company after Mr Murdoch Snr decided in August to extend a "poison pill" takeover defence for another two years without consulting investors. This was despite promising last year to improve shareholders' rights at the company in return for backing its relocation from Australia to the United States.</p><p></p><p>Source: The Independent</p></blockquote><p></p>
[QUOTE="gameboy, post: 135893, member: 177511"] Hermes, one of Britain's most influential fund managers, has written to BSkyB saying that it will vote against the company's request for a controversial exemption from takeover rules, writes the Sunday Telegraph. The exemption would allow Sky to buy its own shares without triggering a bid for the company by News Corporation, the media giant which owns about 37%of Sky and is controlled by Rupert Murdoch. The fund manager says that it is taking a stand against Sky [B]because it no longer trusts Rupert Murdoch[/B], who chairs the TV company, the paper says. Source: ShareCast [B]More...[/B] BSkyB has warned shareholders they will miss out on a £490m windfall if they carry out their threat to vote against the company's resolutions at its annual meeting next month. Some of the satellite broadcaster's largest shareholders want to take revenge on the company, run by James Murdoch, because of the actions taken by his father, Rupert, at News Corporation where they also own shares. News Corp in turn owns a 37.14 per cent stake in BSkyB. On Friday it emerged that furious News Corp shareholders are to sue the company after Mr Murdoch Snr decided in August to extend a "poison pill" takeover defence for another two years without consulting investors. This was despite promising last year to improve shareholders' rights at the company in return for backing its relocation from Australia to the United States. Source: The Independent [/QUOTE]
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Murdoch jnr picks up £1.2m bonus from BSkyB
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