Since Dominion settlement, criticism swirls around leaders of Fox’s parent company : NPR

VEA Vice Chair Nell Minow spoke to NPR about how the Dominion settlement and litigation from Smartmatic and shareholders will affect FOX Corp.

FOLKENFLIK: Two lawsuits filed this year by shareholders allege that board members, including the Murdochs, failed to meet their duty by not forcing Fox to apologize promptly over the election fraud claims about the two voting tech companies. Nell Minow advises major investors on how well corporations are run. She says shareholders are right to be upset. Minow notes that Rupert Murdoch owns a small fraction of the company’s stock but controls 42% of the voting shares.

NELL MINOW: Any time that you’ve got the insiders with a disproportionate amount of control, you’re asking for trouble. And any time you’ve got a succession plan based on who was born to whom rather than who’s the best person, you’ve also got a problem.

FOLKENFLIK: Minow says that’s how the Murdochs are able to operate largely as they please, with few apologies and little accountability.

Since Dominion settlement, criticism swirls around leaders of Fox’s parent company : NPR

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