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Stock impact report

Breakingviews - Sky investors choose between profit and principles [Reuters]

Fox Corporation - Class B (FOX) 
Last fox corporation - class b earnings: 5/10 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: 21cf.com/investor-relations
Company Research Source: Reuters
Breakingviews - Sky investors choose between profit and principles | Reuters 3 Min Read LONDON (Reuters Breakingviews) - Sky shareholders face a choice between principles and profit. Some investors are planning to oppose Chairman James Murdoch’s re-election because he is also chief executive of 39 percent owner Twenty-First Century Fox. But kicking up a stink might further jeopardise Fox’s offer for the European pay-TV group. Sky investor Royal London Asset Management had a point last week when it called Murdoch’s dual role “inappropriate” and said shareholders would be better served by a truly independent chairman during the takeover. Shareholder advisory groups, meanwhile, object to Sky’s executive pay. One problem is that some long-term incentive packages could pay out with no performance conditions if Fox’s offer gets the green light, according to Glass Lewis. Murdoch survived an investor backlash last year, winning election with around 70 percent support. Strip out Fox’s stake an Show less Read more
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