The second largest stockholder in News Corp. is a Saudi prince. Need I say more?
“The second largest stockholder in News Corp. is a Saudi prince.”
Prince Al-Waleed bin Talal owns 7% of NewsCorp stock. He’s a major stockholder in a myriad of corporations - and he and Rupert Murdoch are old friends who invest in many of one another’s companies.
PRobably that he owns 7% and has not voting power unless he is part of a larger group. He is only the 2nd largest individual stockholder, but he is not the 2nd largest group.