News Corp. Chief Faces Angry Investors
Rupert Murdoch, chairman and chief executive of News Corp., on Friday faced shareholders for the first time since a phone-hacking scandal at its UK newspaper unit embroiled the company and heightened criticism of what some see as a lack of independent oversight.
Mr. Murdoch, speaking at the annual shareholders meeting in Los Angeles, said the current board and management “will stop at nothing to get to the bottom of this and put it right.” He said the unit at the center of the scandal represents a small piece of an otherwise healthy company that is outperforming its peers.
