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Lai See

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Why you can trust SCMP
0

sell it like it is

Do you, like Lai See, have a soft spot for whiny corporate governance columns and ambitious US state attorneys general crusading for the 'little investor' and their future political careers?

Well, aren't we wimps.

For there is an investor school of thought out there that holds that 'corporate governance is the sell-slip'. It appears to have a recent convert in global media baron Rupert Murdoch. On Friday he found himself beset by investors at BSkyB's annual general meeting, in particular over the appointment of his 30 year-old son James as the company's new chairman.

'You have an arrogance and an indifference to shareholders that is appalling,' AFP quoted one investor as telling Mr Murdoch.

But the Mur-dog bit back: 'If you don't believe in us or our results, you should just sell your shares.'

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