What is important in this context is that News Corporation, owner of News International, is no ordinary public company - in that (to state the blindingly obvious) Mr Murdoch wields considerably more power within the organisation than is typical of a public-company boss.
The review included addressing the investment performance of the company and the discount at which the company's ordinary shares traded to their net asset value.
Vodafone's Web site says that the Bank of New York, as custodian of the company's ADR program, held approximately 12.5% of the company's ordinary shares of 10 cents each at 23 May 2005 as nominee.
