Murdoch getting hammered

He was heckled this morning during a speech in SF. A few hours earlier a major British pension investor said it planned to vote against the re-election of Murdoch and his sons to News Corp.'s board (the result of the phone hacking scandal). On Monday, Institutional Shareholder Services, a major investor advisory firm, recommended that investors vote against most of the company's board. And lets not forget the developing circulation scandal at the European edition of the Wall Street Journal. None of this is likely to threaten Murdoch's position as CEO: He controls 40 percent of the voting shares, and the News Corp. board is very much on his side. When shareholders meet next week, opposition to the directors could reach 25 percent, according to the Guardian, which in the world of corporate governance is pretty high. I can think of very few CEOs who could survive such an onslaught of attacks.