News Corp. Chief Operating Officer Chase Carey, reacting to the scandal over phone hacking at the News of the World tabloid, is holding discussions with some large investors over governance and other concerns.
The California State Teachers' Retirement System, which held 3.86 million News Corp. Class A shares as of June 30, plans to meet with top officials soon, said Ricardo Duran, a spokesman.
“Calstrs is involved in the engagement process, which includes sending letters, holding conference calls and meetings, with News Corp. management,” Duran said in an e-mail. “Because this is delicate, we cannot say anything further about our efforts.”
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