Wednesday, October 12, 2005

News Corp tries to quell revolt


John Thornton, a senior independent director of News Corporation, on Monday concluded a private whistle-stop tour of Australia in an attempt to quell the anger among the country's leading investment funds over the company's controversial decision to extend its poison pill takeover defences.

Mr Thornton, a former senior executive at Goldman Sachs, flew to Melbourne to meet Michael O'Sullivan, president of the Australian Council of Super Investors, before heading to Sydney to see Sandy Easterbrook, a director of Corporate Governance International, a leading proxy firm.

Mr Thornton, who now lectures at Beijing University, returned to Hong Kong on Monday night.

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