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1 Another investor joins on Sun Oct 16, 2011 6:15 pm



Another Investor Joins the 'Dump Murdoch' Chorus

Photo: Chris Ratcliffe/Bloomberg via Getty Images

In the lead-up to next Friday's News Corp. stockholders' meeting, several major investors have begun voicing the once-unthinkable: Let's take control of the company away from Rupert Murdoch and his clan. Today, the California State Teachers' Retirement System, which apparently owns between four and six million non-voting News Corp. shares, joined in. While unclear whether this group has the collective power to actually oust Murdoch or his representatives from the boardóconsider that CalSTRS owns just two-tenths of one percent of News Corp.'s total sharesófew could have imagined a few months ago the media mogul looking this vulnerable. [Reuters]

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