Rupert Murdoch Won By Bigger Margin Than Tom Watson

The News Corp CEO Rupert Murdoch was up for re-election by shareholders last week. Tom Watson MP led a campaign, backed by commercial rivals The Guardian, to unseat him from the board. Tom travelled to Los Angeles (courtesy of union subs) to vote union pension fund proxy votes. Watson’s attempt failed with Rupert Murdoch getting 86% of the shareholder vote, which compares favourably to Watson’s mere 46% of the vote in his West Bromwich East constituency at his re-election (his share of the vote sank 9.2% at the general election). To add insult to injury, News Corp shares have rocketed up 16% this month alone. Hold on to those shares comrades, no one went poor betting on Murdoch…

Never mind, in consolation he got a night out partying on tequila and singing “Come on Eileen” in La La Land…



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Quote of the Day

Janan Ganesh on Labour’s soft left

“Ms Cooper does not believe the previous Labour government was wrong to run a fiscal deficit after 15 years of economic growth. Both she and Mr Burnham think families should be entitled to tax credits for a third child. These views are not mad. They are just a bit too left-wing for Britain. For any serious party, that amounts to the same thing. The soft left is more electable than the hard left but then Mars is more habitable than Neptune: neither planet will host human life anytime soon.”

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