Securities Law Prof Blog

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

Wednesday, November 7, 2007

Bancroft Family's Fiasco in Appointing Board Representative

The Bancroft family's representative on the News Corp. board of directors will be (subject to approval by the other directors) Natalie Bancroft, a 27 year old opera singer with little experience in business or journalism.  The Bancroft family missed a deadline to select their representative on the board, thus relinquishing the choice to Rupert Murdoch.  "I don't think we've distinguished ourselves in how we've handled this," said the Bancroft family lawyer, Michael Elefante.  WSJ, Bancrofts Bicker, Miss a Deadline, Lose Board Choice.

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