21st Century Fox Investors Reject Splitting Murdoch’s Roles
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21st Century Fox Inc. investors rejected a call for an independent chairman, the third straight year activists have lost a bid to curb the influence of billionaire Chief Executive Officer Rupert Murdoch.
The company announced the results at the annual meeting today in Los Angeles, without providing the tally. Murdoch, 82, and his family hold about 40 percent of the voting rights. The 12 nominees to the board were all elected over some opposition.