Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Thursday, May 17, 2007

Dow Jones Board Sits Tight

The Wall St. Journal describes board deliberations at yesterday's regularly scheduled board meeting of Dow Jones & Co., where, it reports, the board decided to take no action on the Murdoch bid so long as a  majority of the voting power (the Bancroft family) opposes the deal.  The board heard other presentations and also considered adopting "change of control" packages for executives in the event of continuing uncertainty over the company's future.  What I find interesting is the level of detail about the board meeting and the article's identifying its sources as "two people familiar with the board's thinkging."  Is this another example of a leaky board?  See WSJ, Dow Jones Board Won't Act As Bancrofts Deliberate.

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