Friday, September 30, 2011

As the Rupert Turns

On this morning's episode we find out that the Australian Council of Superannuation Investors, an organization of 42 super funds managing $250 billion in assets, has asked its members with News Corp shares to recommend opposing the re-election of the Murdoch brothers (James and Lachlan) at next month's annual general meeting.

Why would they do such a thing? Because they are actually paying attention to the details of this phone hacking case, even if Americans are not. It's just a matter of time before this scandal brings down the entire family.