£1m Milly Dowler hacking payouts
NEWS Corp chief Rupert Murdoch yesterday confirmed he has personally donated £1million to charities chosen by Milly Dowler’s family.
The company, owner of The Sun, confirmed it is paying the murdered schoolgirl’s family £2million after the News of the World hacked her phone.
Mr Murdoch told a News Corp shareholder meeting in Los Angeles there was “simply no excuse” for the scandal.
They don’t mention anything about what else happened…
At the company’s annual meeting in Los Angeles on Friday Murdoch made a defiant and uncompromising address, insisting News Corp’s history was the “stuff of legend.” However, he was berated by shareholders and some of the world’s largest investors voted against his re-election, and that of his sons, to the News Corp board. They also did not approve of the $33m (£21m) he was paid as chairman and chief executive this year.
Murdoch owns 12% of the company but controls about 40% of the votes because of News Corp’s two classes of shares. But the fact that major investors voted against his re-election and that of his sons and other directors is a major blow for the 80-year-old chairman and chief executive.
News Corp plans to release the full details of the vote on Monday. Before the meeting, shareholders told the Guardian that James Murdoch was likely to receive the biggest vote of no confidence. If the votes go against him, it will cast further doubts on his future at News Corp. The youngest Murdoch son is already facing questions about evidence he gave to a parliamentary inquiry into the News of the World hacking scandal and shareholders at Murdoch-controlled BSkyB have called for his resignation.
Hmmm. I wonder why?