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UK activists call for board shake-up at News Corp

LONDON (Reuters) – British pension funds should oppose the re-election of James Murdoch to News Corp’s board to draw a line under the hacking scandal that has engulfed the company, a shareholder activist body said Thursday. The Local Authority Pension Fund Forum, whose members have combined assets of 100 billion…

Major Yahoo shareholder calls for new board

NEW YORK (Reuters) – Shareholder activist Daniel Loeb has scooped up shares of Yahoo Inc and is demanding that the company overhaul its board, saying the directors have made “serious misjudgments” and “destroyed value” for stockholders. A “reconstituted board with new directors who will bring fresh eyes, relevant industry expertise…

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