Calpers, which is the California Public Employees' Retirement System

Given the political noise that NewsCorp makes, does this seem like an odd investment to anyone else? What's the opposite of "biting the hand that feeds you"?

/Feeding the hand that bites you, maybe?

But he has been so responsible.

Angry Drunk Bureaucrat: Calpers, which is the California Public Employees' Retirement System

Given the political noise that NewsCorp makes, does this seem like an odd investment to anyone else? What's the opposite of "biting the hand that feeds you"?

/Feeding the hand that bites you, maybe?

If it's a good investment, why not? I bought some when it fell after the hacking scandal. It's my only investment that's up over the last 3 months, and I don't think I consume much of NewsCorp besides football and "It's Always Sunny in Philadelphia".

RexTalionis: The article noted that it's probably doomed to failure because the Murdoch family controls 40% of the votes.

Yep. Though from the previous News of the World/hacking threads, there's some expectation that there might be a shareholder lawsuit coming as well.

And those shareholders will soon be liquidated.

Lost Thought 00: And those shareholders will soon be liquidated.

Ms. Deng will handle it herself.

The free market is a biatch. He'll just call it socialism.

Shouldn't the public be told which planes those shareholder will be on? You know for safety...

RexTalionis: Shareholder suits aren't exactly difficult to bring. Anyone with at least 1 share of stock can institute one.

No, but a legitimate one that could cost him some money. Right now, Murdoch is paid a very decent salary, under the claim/logic that he is so involved with the companies and micromanages the businesses to great success. He does so much and is so involved with the companies work that he deserves the extra compensation.

He's been testifying before Parliament that he had nothing to do with News of the World, the hacking, barely knew what was going on, had no involvement with the running of the company, etc etc.

So either he lied before Parliament or he's been lying to the stockholders/board about his work duties.

Some of the time you get the bull ......

Rapmaster2000: Angry Drunk Bureaucrat: Calpers, which is the California Public Employees' Retirement System

Given the political noise that NewsCorp makes, does this seem like an odd investment to anyone else? What's the opposite of "biting the hand that feeds you"?

/Feeding the hand that bites you, maybe?

If it's a good investment, why not? I bought some when it fell after the hacking scandal. It's my only investment that's up over the last 3 months, and I don't think I consume much of NewsCorp besides football and "It's Always Sunny in Philadelphia".

Yup, the whole point of Calpers and other employee pension/retirement funds is to make money. Also, it's a general fund that represents all the employees, regardless of whether they're Libtard or Derp; probably close to half the public employees that will draw from this fund are avid viewers of Fox News anyways.

"Obviously one of the most important jobs of the chairman is to review the chief executive through the board. Now if you're there marking your own report card, marking your own examination paper, you couldn't be objective."

While that's certainly an issue, it's never been a secret since Murdoch started the company. They only figured that out just now?

Yeah Calpers was vital in removing Michael Eisner from CEO of the Walt Disney Company back in 2005. Bob Iger has done a great job with Disney especially with Pixar.

If I had stock in News Corp, I vote against the Muchdochs for their placement on the board of executives. Seriously, you really farked up and had some serious PR blunders.

Something the article did not mention was Murdoch's response to the phone hacking allegations. Several reports suggested that his response was that of a befuddled old man who had lost grip on his company's operations, and to a degree, reality. If the man was playing a simpleton in order to deflect anger, I would consider that a dangerous and risky move as a lot of people would question his continued leadership of such a large and complex multinational if they saw him as unfit. And if he is actually suffering the effects of age on his mind, then the man should step down.

Pants full of macaroni!!: Muchdoch? Is this a new meme? Is this a thing?

/always the last to know

No, it's just that I was half asleep when I submitted this...

RoyFokker'sGhost:
Yup, the whole point of Calpers and other employee pension/retirement funds is to make money. Also, it's a general fund that represents all the employees, regardless of whether they're Libtard or Derp; probably close to half the public employees that will draw from this fund are avid viewers of Fox News anyways.

Up here in Anchorage, the pension fund for the Electrical Workers owns the building that houses the main switch-board for the largest non-union shop in town. Makes a good investment, it's not like they are going to move their switching systems anytime soon.

Oh, isn't that adorable. Making a stand for the newspapers and their conscience, knowing all along that it is meaningless, will not work. And yet, they continue to invest in this parasite freak's company.

Jacobin: Oh, isn't that adorable. Making a stand for the newspapers and their conscience, knowing all along that it is meaningless, will not work. And yet, they continue to invest in this parasite freak's company.

There are a ton of rules that pertain to what kind of trades a mutual fund can make. I haven't studied that area that much recently and they might have removed them but per my early 2000s finance classes, if a person or institution has a certain % of outstanting shares then they much publicly state when they are liquidating their position and there are also rules as to how much they can dump in a day... I could be wrong though, especially with all the deregulation that has been going on in that sector.

Jacobin: Oh, isn't that adorable. Making a stand for the newspapers and their conscience, knowing all along that it is meaningless, will not work. And yet, they continue to invest in this parasite freak's company.

I think you may have missed the point. Having the same person in the Chair's seat and in charge of operations means there is no one to look over the shoulder of the person in charge, and prevent him from doing unethical things that could blow-back and effect share value.

News of the World was their most profitable newspaper, and they had to shut it down. From a shareholder perspective, that is bad, regardless of politics. It may not have happened if there was someone watching the CEO, which would have been good for the continued value of the organization as an investment.

When I hear Rupert talk, I always hear the voice of a Vogon from "Hitchhiker's Guide to the Galaxy and picture him as the Marvel villain character Modok. I doubt they'll take him down just yet.

What do you call the removal of the head of a corrupt organization?

A good start.

/hi-yooo

Rupert Muchdosh? Murdererdoc? Much-ado-about-dork? Mumtiedumpty? Mother-lovin'-dot?