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Posts Tagged ‘Corruption’

NewsCorp shareholders revolt against Murdoch family

25 Oct

Following up on the contentious NewsCorp shareholder meeting where the independent shareholders were to express their displeasure with the crimes committed on the Murdoch family's watch: the majority of the independent shareholders voted against continuing James and Lachlan Murdoch (Rupert's sons) continuing employment as senior execs in the company. Due to NewsCorp's odd structure the Murdochs get to overrule their shareholders, but if the upcoming shareholder meeting for BSkyB goes the same way, it will see some serious Murdoch tail-kickage.

Michael Wolff, Murdoch biographer and author of The Man Who Owns the News, said it was now inevitable that James Murdoch would leave.

"James will probably go by himself, that's what everybody will be waiting for. I wonder too if Lachlan will step off the board. But could this drag on for another year? Yes."

Wolff said the size of the vote against Murdoch's son had created "a very difficult family moment..."

Tanner said the votes against the Murdoch sons and Bancroft showed shareholders were serious about wanting more independence at News Corp. "The overwhelming influence of the Murdoch family is not acceptable anymore," she said.

James Murdoch's future under threat [guardian.co.uk]

 
 

NewsCorp shareholders revolt against Murdoch family

25 Oct

Following up on the contentious NewsCorp shareholder meeting where the independent shareholders were to express their displeasure with the crimes committed on the Murdoch family's watch: the majority of the independent shareholders voted against continuing James and Lachlan Murdoch (Rupert's sons) continuing employment as senior execs in the company. Due to NewsCorp's odd structure the Murdochs get to overrule their shareholders, but if the upcoming shareholder meeting for BSkyB goes the same way, it will see some serious Murdoch tail-kickage.

Michael Wolff, Murdoch biographer and author of The Man Who Owns the News, said it was now inevitable that James Murdoch would leave.

"James will probably go by himself, that's what everybody will be waiting for. I wonder too if Lachlan will step off the board. But could this drag on for another year? Yes."

Wolff said the size of the vote against Murdoch's son had created "a very difficult family moment..."

Tanner said the votes against the Murdoch sons and Bancroft showed shareholders were serious about wanting more independence at News Corp. "The overwhelming influence of the Murdoch family is not acceptable anymore," she said.

James Murdoch's future under threat [guardian.co.uk]

 
 

The Founding Fathers Tried to Warn Us About the Threat From a Two-Party System

07 Jul

Polls show that a majority of Americans say that both the Republicans and Democrats are doing such a poor job representing the people that a new, third party is needed.

I've repeatedly warned that there is a scripted, psuedo-war between Dems and Repubs, liberals and conservatives which is in reality a false divide-and-conquer dog-and-pony show created by the powers that be to keep the American people divided and distracted. See this, this, this, this, this, this, this, this, this and this.

In fact, the Founding Fathers warned us about the threat from a two party system.

John Adams said:

There is nothing which I dread so much as a division of the republic into two great parties, each arranged under its leader, and concerting measures in opposition to each other. This, in my humble apprehension, is to be dreaded as the greatest political evil under our Constitution.

George Washington agreed, saying in his farewell presidential speech:

The alternate domination of one faction over another, sharpened by the spirit of revenge, natural to party dissension, which in different ages and countries has perpetrated the most horrid enormities, is itself a frightful despotism. But this leads at length to a more formal and permanent despotism. The disorders and miseries, which result, gradually incline the minds of men to seek security and repose in the absolute power of an individual; and sooner or later the chief of some prevailing faction, more able or more fortunate than his competitors, turns this disposition to the purposes of his own elevation, on the ruins of Public Liberty

 

Without looking forward to an extremity of this kind, (which nevertheless ought not to be entirely out of sight,) the common and continual mischiefs of the spirit of party are sufficient to make it the interest and duty of a wise people to discourage and restrain it.

 

It serves always to distract the Public Councils, and enfeeble the Public Administration. It agitates the Community with ill-founded jealousies and false alarms; kindles the animosity of one part against another, foments occasionally riot and insurrection. It opens the door to foreign influence and corruption, which find a facilitated access to the government itself through the channels of party passions. Thus the policy and the will of one country are subjected to the policy and will of another.

 

There is an opinion, that parties in free countries are useful checks upon the administration of the Government, and serve to keep alive the spirit of Liberty. This within certain limits is probably true; and in Governments of a Monarchical cast, Patriotism may look with indulgence, if not with favor, upon the spirit of party. But in those of the popular character, in Governments purely elective, it is a spirit not to be encouraged. From their natural tendency, it is certain there will always be enough of that spirit for every salutary purpose. And, there being constant danger of excess, the effort ought to be, by force of public opinion, to mitigate and assuage it. A fire not to be quenched, it demands a uniform vigilance to prevent its bursting into a flame, lest, instead of warming, it should consume.