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April 20, 2005

Shareholder revolt at the Wall Street Journal

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Posted by Dominic Basulto

At the annual meeting of Dow Jones shareholders, a number of top institutional investors could try to flex their muscles, according to the New York Post: " Major shareholders may try today to break through the wall surrounding the Wall Street Journal's family controlled empire." A number of items are on the agenda -- voting against a bylaw change that would strengthen the hand of the Bancroft founding family, acting to strip CEO Peter Kann of his chairman position, and casting a no-confidence vote against absentee board member Vernon Jordan.

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