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Thread: Time Warner Scraps Rules Allowing Investors to Call Meetings

  1. #1
    Curmudgeon


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    Time Warner Scraps Rules Allowing Investors to Call Meetings

    Time Warner scraps rules allowing investors to call meetings - FT.com

    Time Warner, which last week knocked back a $73bn approach from Rupert Murdoch’s 21st Century Fox, has changed its bylaws in a move designed to block a potential hostile takeover.

    The decision to scrap a rule allowing investors to requisition a shareholder meeting will strengthen Time Warner’s ability to resist Mr Murdoch’s overtures even if its investors want a deal to be considered.
    This was an action by the company's management. Can they do that? It seems to me that only the Board of Directors can change the bylaws. Why doesn't the management just cancel all future board meetings if they can change the bylaws without the Board?

    "The urge to save humanity is almost always a false front for the urge to rule." --HL Mencken

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    Re: Time Warner Scraps Rules Allowing Investors to Call Meetings

    Anything that hurts Murdoch and his evil empire is good to my ears.
    PeteEU

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    Re: Time Warner Scraps Rules Allowing Investors to Call Meetings

    If Murdock takes over you can say goodbye to Game of Thrones, True detective and all the other high quality stuff on HBO, which arguably makes the best entertainment on US tv.

    And you can say hello to the kind of trash tv shows that Fox shows, from hillbillies playing in mud to mister cool torchoring people with brown skin.

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