Posts Tagged Ray Adams

Where’s the criminal investigation of the Murdoch Empire? Shareholders to the rescue

By Michael Collins

There was something tawdry and disgusting about the phone hacking by Rupert Murdoch’s News of the World.  The News Corporation owned tabloid hacked the phone mails of several thousand citizens of Great Britain.  Victims included celebrities, politicians, and even a murdered eleven year old kidnap victim.

But that wasn’t enough to generate type of criminal investigation of News Corporation that would topple Rupert Murdoch and his clan from the throne of the $30 billion News Corporation.

The current revelations of cable television hacking, laid out in detail by Australia’s Financial Review and the BBC, provide a more concrete connection between outright criminality and the Murdoch run media giant.  This alleged criminal behavior involves hackers on the payroll of a former Murdoch controlled Israel based company, NDS, and the demise of cable television competitors in Great Britain, the United States, and Australia due to that activity.

These allegations are reinvigorating the institutional shareholders revolt that may be the end of the Murdoch clan’s control of News Corporation. Read the rest of this entry »

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News Corp faces proxy call for independent chairman: Reuters


Reuters
By Ross Kerber and Aruna Viswanatha BOSTON | Mon Apr 2, 2012

News Corp faces a call to appoint an independent board chairman on concerns Rupert Murdoch’s media company needs to pursue more reforms to deal with its phone-hacking scandal and other issues.

The proxy proposal, filed by Christian Brothers Investment Services, is likely to fan an ongoing controversy over governance at the company.

Although unlikely to get a majority of votes, the nonbinding resolution filed last month could put pressure on the board to remove Murdoch, currently News Corp’s chief executive, from his other role as chairman of the company, the sponsor said.

With current arrangements, the company is “stepping into the scandal with a flawed corporate governance structure,” Julie Tanner, who oversees socially responsible investing at Christian Brothers in New York, said in a telephone interview.

Murdoch, Sons Draw Substantial Negative Vote, ABC News, October 25, 2011

Cristain Brothers Investment Services (CBIS) Files Resolution on Separation of Chair and CEO at News Corp Read the rest of this entry »

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Ray Adams is the man in the lastest Murdoch scandal

By Michael Collins

Ray Adams is a name you will hear more frequently as the latest and perhaps most fatal Murdoch – News Corp. scandal emerges.

When Murdoch was setting up his BSKYB cable network in England, he had some serious competition.  ITV had a digital service called ITV Digital.  The British broadcaster was prepared to go head to head with Murdoch’s network.  As the services rolled out, ITV Digital became subject to furious hacker attacks.  The hackers broke the ITV  encryption code and distributed it widely allowing so many people to get free ITV service, the venture failed, largely due to the piracy of its service, and Murdoch had a clean road to mega profits with BSKYB.

The BBC’s Panorama television show broke a story (not yet available in the United States) accusing a Murdoch owned firm, NDS, of hiring hackers to break the ITV code, thus sabotaging the Murdoch competitor.  The rest is history and huge profits.  BSKYB is the dominant British cable network.  It’s spreading throughout Europe.

During the time ITV was hacked out of existence, Ray Adams was the head of operational security for NDS.  The firm hired hackers to anticipate and check security problems with its own encryption system.  But there’s more.  Reports from Great Britain and Australia document NDS using hackers to target rivals.  Australia’s Financial Review just broke a well document story outlining the same pattern of hacking behavior by NDS in behalf of Murdoch cable operations there.  The publication documented the story with 10,000 emails it received from, you guessed it, the computer of Ray Adams. Read the rest of this entry »

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