A leading investor in BSkyB said he backs James Murdoch staying as chairman of the pay-TV firm despite politicians questioning his suitability, the Telegraph newspaper web site reported on Saturday.
Crispin Odey, head of hedge fund Odey Asset Management, which holds around 2.7 per cent of BSkyB’s shares, told the Sunday Telegraph in an interview that he admired the 38-year-old son of News Corp head Rupert Murdoch as a strategist.
But he said News Corp should reduce the number of its appointees to the BSkyB board. News Corp, which holds 39 per cent of BSkyB, abandoned its $12 billion bid to buy the remaining shares this month in a furor over allegations of phone hacking by its News of the World tabloid.
“James is a great strategist and should remain chairman, but at the moment BSkyB has got too many News Corp appointees,” Odey said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app