Oregon is invested in Fox Corp. and is investigating its board over bogus election fraud claims
Source: AP
By ANDREW SELSKY today
SALEM, Ore. (AP) Oregons attorney general announced Monday she has begun investigating the board of directors of Fox Corp. for breaching its fiduciary duties by allowing Fox News to broadcast false claims about the 2020 presidential election claims that cost the broadcaster almost $800 million in a lawsuit.
Also joining the investigation is Oregon State Treasurer Tobias Read, who oversees the Oregon Public Employees Retirement Fund, which owns more than 250,000 shares of Fox stock. Both Attorney General Ellen Rosenblum and Read are Democrats.
Treasurer Read and I believe that Foxs board of directors breached its fiduciary duties by allowing Fox News to broadcast false claims that Dominion and Smartmatic rigged the 2020 presidential election, Rosenblum said. We hope to hold the board accountable and protect the long-term value of Oregons investment in Fox Corp.
Brian Nick, chief communications officer and executive vice president of Fox Corp., declined to comment on Rosenblums announcement.
Read more: https://apnews.com/article/fox-election-oregon-dominion-pension-fund-47f997e19987bd0282704fddf5ddc36a
Kid Berwyn
(15,050 posts)As they say.
TeamProg
(6,341 posts)EYESORE 9001
(26,026 posts)Two down, one to go. Busted up their triumvirate of toadies.
bucolic_frolic
(43,476 posts)Shareholder liability might deliver the knockout punch.
lark
(23,191 posts)I'm sure the stocks would do better elsewhere and it would keep some money out of the hands of the right wing oligarchs.
AllaN01Bear
(18,745 posts)ExWhoDoesntCare
(4,741 posts)I'm not sure about 20th Century or Fox Films when they were separate entities, but when they merged, they became a publicly traded company in 1935. They have been such ever since, regardless of name changes over the years.
Murdoch became the majority shareholder and CEO in 1985--but he has never been a sole shareholder.
barbtries
(28,818 posts)i refuse to give my money to corporations like fox news
Martin68
(22,951 posts)Invest in solar power, wind power. Put your money where your heart is.
barbtries
(28,818 posts)i did my best to do that. almost got laughed out of the room.
BadgerKid
(4,561 posts)in the market.
Martin68
(22,951 posts)Martin68
(22,951 posts)Death by a thousand cuts.
KPN
(15,677 posts)Bleed these f'ers dry and send Murdoch's back to Australia.