Reported about 1 month ago
Starboard Value has filed a shareholder resolution aimed at eliminating the dual-class share structure that allows Rupert Murdoch significant control over News Corp, even as he faces a familial legal battle over succession. This proposal is a direct challenge to Murdoch's authority, marking the first such instance since he stepped down as board chair. While the resolution is not binding, it suggests potential shifts in company governance and shareholder influence, with Starboard also advocating for business spin-offs to enhance shareholder value.
Source: YAHOO