SKY REALLY IS THE LIMIT
SKY yesterday suffered a double shareholder revolt over their chairman’s role in a takeover and fat cat pay. Nearly half of independent investors voted to oust James Murdoch, below, at the satellite giant’s AGM.
There is anger that he is also chief executive of 21st Century Fox, the media giant owned by his father Rupert Murdoch, who have launched an £11.7billion takeover bid for the firm.
The vote against Murdoch’s reappointment was lower than last year.
Meanwhile, nearly two-thirds of independent shareholders opposed Sky’s boardroom pay and perks. Boss Jeremy Darroch saw his total packet more than treble to £16.3million last year, despite annual profits falling.