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For a second year in a row, Rupert Murdoch faced shareholder critics of his News Corporation at the company's annual meeting.
Mr. Alberthal's retirement package -- costing a nickel a share after taxes -- brought a protest from the California Public Employees Retirement System, among the company's loudest shareholder critics.
His appointment was praised even by some of the company's harshest shareholder critics, who have been calling for a more independent board.
Shareholder critics called for the Murdochs to step down at the meeting and criticised the pay deals of the company's top executives.
WALL STREET JOURNAL News Corporation Board Members Are Re-elected | The New York Times reports: "For a second year in a row, Rupert Murdoch faced shareholder critics of his News Corporation at the company's annual meeting.
He flicks aside the shareholder critics, not to mention Boris Johnson, the former London mayor, who railed against his steep pay — forty-three minlion pounds in 2014, 70.4 million pounds in 2015, making him the highest-compensated executive in England.
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The United States and Japan have adopted anti-takeover measures, but in Japan a recent proliferation of poison pill anti-takeover defense arrangements and a decades-old tradition of cross-shareholdings were common practices hurting minority shareholders, critics said.
Yes, the company could take the advice of Mr. Paulson and other shareholder-critics.
Yet, even after Tuesday's changes, Mr. Lee will remain the group's largest individual shareholder, and critics said he would continue to wield enormous power.
When a CEO receives a huge golden parachute after the company's stock value has plummeted, that offends shareholders and critics the most and raises questions of deservedness.
He finally departed in September last year after a sustained campaign to oust him by disappointed shareholders.Some critics of openness fear that more open disclosure will merely give bosses (good and bad) an excuse to seek more cash as they attempt to ratchet up pay towards that of a supposed peer.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com