News Corp.’s Murdoch Faces Renewed Calls to Split Top Posts

By: Edmund Lee | Bloomberg

News Corp. (NWS) Chief Executive Officer Rupert Murdoch, still coping with a phone-hacking scandal that erupted at the company’s U.K. papers last year, faces renewed calls from shareholders today to step down as chairman.

Investors have mounted a campaign to separate the chairman and CEO roles — both held by Murdoch — to increase accountability. They’re pushing shareholders to vote for the proposal at today’s annual meeting at Fox Studios in Los Angeles.

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