Rupert Murdoch and his kids/employees/beneficiaries, James Murdoch, Elisabeth Murdoch and Lachlan Murdoch
Rupert Murdoch and his offspring, Elisabeth Murdoch, James Murdoch and Lachlan Murdoch, are robbing News Corp shareholders in a massive manner. Murdoch used $680,000,000 in shareholder funds to buy his daughter Elisabeth Murdoch's vanity production company, Shine, when it is worth nowhere near that figure.
There are production companies in Hollywood with hundreds of well-known films in their vaults and they aren't worth anywhere near that figure, yet Shine, which only has a few copyrights, most of them criminally stolen, is claiming it is worth nearly a billion dollars. Get real and stop fleecing the shareholders.
Rupert Murdoch and wife Wendi Murdoch
It was nothing but a big cash grab by the Murdoch family, in a bid to extract as much shareholder money as possible and ironically it has resulted in a lawsuit, as investors opposed the sale, but Rupert Murdoch and his equally greedy daughter, pushed it through anyway. Then she tried to join the News Corp board, which was rebuffed this month.
There are also real issues regarding the overvaluation of the Murdochs' stake in Britain's BskyB. Plans for the Murdoch family to fully purchase the satellite provider in Britain, spectacularly collapsed this summer, when the British Parliament publicly denounced the deal, in light of the terrible phone hacking scandal.
Rupert Murdoch
News Corp shareholders are being led to believe the company and the Murdochs' stake therein, are worth far more than it actually is, in a serious case of corporate fraud. Then there's the devious insider trading taking place, as the Murdoch family have made many financially lucrative decisions at News Corp and regarding other non-related companies, using insider trading, via phone hacking, hacking and bribery, which is all quite illegal.
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