NEW YORK — Two huge California pension funds said Monday they would vote against the reelection of R

[Playinghardball]

Source: Raw Story

NEW YORK — Two huge California pension funds said Monday they would vote against the reelection of Rupert Murdoch to the board of his media conglomerate News Corp. this week.

The pension funds added their voices to a growing clamor among News Corp. shareholders for the ouster of Murdoch and his sons James and Lachlan from the board after a phone hacking scandal in Britain.

The California Public Employees’ Retirement System (Calpers), the nation’s biggest public pension fund, said on its website that it will vote against the reelection of the three Murdochs as well as two other board members at the annual general meeting scheduled Friday.


Calpers also said it supports separating the posts of chairman and chief executive; Murdoch

More: http://www.rawstory.com/rs/2011/10/17/two-california-pension-funds-to-vote-against-murdoch/

[Booster]

1. Now, that takes guts. Good for them. Hope they do it.

[Faux pas]

2. Yay CALPERS! That's my pension fund. Glad they're paying attention. n/t