A Fox Corp. shareholder got a bit of a brushoff when he asked if or how the company was doing anything structurally to protect itself against legal liability around the 2020 election and if and how executive pay policies may have been tweaked to to reflect ongoing legal peril.
At the company’s annual meeting, John Chevedden noted Fox’ $787 million payout last spring to settle a lawsuit with Dominion Voting Systems right before the trial started.
Another company Smartmatic is suing for $2.7 billion. These are big chunks of cash. Chevedden, who pops up everywhere, is the leading proponent of shareholder proposals annually in the U.S.
Chase Carey, who sits on the board’s compensation committee and present at the annual confab at the Zanuck Theatre on the Fox lot, didn’t exactly give an answer.Read more on deadline.com