Friday, August 12, 2011

HACKING SCANDAL AND BAUPOST AND SETH KLARMAN

Swear to God, it just gets better and better.  Honestly how could we live without google?  Read about Baupost's involvement in the hacking scandal:

JULY 28, 2011
"News Corp. has begun surveying its largest investors in an attempt to address their concerns amid the phone-hacking and alleged police bribery crisis at the company's now shuttered British tabloid, according to a person familiar with the matter.

Many top shareholders, including The Baupost Group, which had 19 million shares as of March, Eagle Capital Management, which had 17.4 million, and Conatus Capital Management, which had 5.7 million, have declined to comment to The Associated Press on the recent scandal. They also declined to share their opinions of News Corp.'s corporate governance."
http://www.npr.org/templates/story/story.php?storyId=138799855

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