James Murdoch survives bid to oust him from BSkyB board

alp227

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Tue Nov-29-11 01:37 PM
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James Murdoch survives bid to oust him from BSkyB board

Source: The Guardian

James Murdoch has seen off a revolt by nearly a third of BSkyB's independent shareholder to be reappointed as chairman of the satellite broadcaster at the company's annual general meeting.

Provisional figures announced at the meeting in London on Tuesday gave him 81.24% of the vote, with 18.76% against.

About a third of independent shareholders voted against his reappointment, including Standard Life Investments, which manages more than 6m Sky shares.

Murdoch is deputy chief operating officer of News Corporation, Sky's largest shareholder, owning 39.1% of the company.

Read more: http://www.guardian.co.uk/media/2011/nov/29/james-murdoch-survives-bskyb-board

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dipsydoodle

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Tue Nov-29-11 02:01 PM
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1. Inevitable

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