The media may want to bury the news that 296 advertisers don’t want their commercials shown on the Glenn Beck show, and the NewCorp management may pretend it’s no big deal, but as we are told over and over, “maximizing shareholder value” is the most important thing in the world.
So what should a concerned investor in a company do when the corporate managers keep employing someone who has gone from an asset to a liability? What actions should they demand management take? And if management doesn’t act, how should they respond?
Below I ask these questions to the largest institutional investor of NewsCorp, probably the only people on the planet with enough clout to demand real answers.