Creek St rings a bell, Creek Street Holdings Pty Ltd HMNN??
Rupert Murdoch has thwarted attempts by dissident shareholders to remove him as chairman of News Corporation, the company he has headed for more than five decades.
......attended by about 100 shareholders and their proxies.
"It is fair to say that the company has attracted a certain amount of attention in recent months ... and I wanted to reaffirm the seriousness by which I take what has gone on in London, as well as put that controversy in context of our entire global business... and to share with you my optimism about the potential growth for our profits, our products and our people," he said.
"The story of our company is the stuff of legend – from a small newspaper in Adelaide, to a global corporation based in New York with a market cap of $44 billion ... informing, entertaining and educating at least a billion people each day."
The company was counting votes and was expected to confirm later in the day the vote in favour of board members.
Accusing the company of a “gross lack of independence and poor governance”, Mr Mayne said decisions had been taken that treated shareholders as if they were in “a family-run company”.
“I really think you should get with the program,” Mr Mayne told Mr Murdoch. “It’s time to take the governance high road.”
At several points Mr Murdoch questioned the veracity of Mr Mayne’s statements, saying at one point: “Stephen, I’d hate to call you a liar but I don’t believe you.”
In a comical twist Mr Mayne called for a show of hands among directors who believed that News Corp’s dual class voting system was a good thing. Several had complied, with Mr Mayne inviting a second straw poll before Sir Rod Eddington stepped in: “Stephen, Stephen . . with all respect: Rupert runs the meeting, not you.”
At times Mr Murdoch struggled to keep the meeting on track and was reminded on a number of occasions by interim counsel Janet Nova on how to proceed. At one point he read rules for asking questions from the floor after several had already been asked.I have no doubt that Charles that we would have no difficulty providing candidates for the IAC. But what is the point in even standing. Wellington refused to publish the voting in the last "election", and for all we know the representatives were figments of somebody's imagination.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
