Another Investor Joins the ‘Dump Murdoch’ Chorus

Rupert Murdoch, chairman and chief executive officer of News Corp., speaks to members of the media outside Number One Aldwych hotel after meeting the family of murdered schoolgirl Milly Dowler, in London, U.K., on Friday, July 15, 2011. Murdoch and his son, James, are under mounting pressure from U.K. lawmakers to take responsibility for a phone-hacking scandal after bowing to calls for Rebekah Brooks to resign. Photographer: Chris Ratcliffe/Bloomberg via Getty Images Photo: Bloomberg/2011 Bloomberg

In the lead-up to next Friday's News Corp. stockholders' meeting, several major investors have begun voicing the once-unthinkable: Let's take control of the company away from Rupert Murdoch and his clan. Today, the California State Teachers' Retirement System, which apparently owns between 4 and 6 million non-voting News Corp. shares, joined in. While unclear whether this group has the collective power to actually oust Murdoch or his representatives from the board — consider that CalSTRS owns just two-tenths of one percent of News Corp.'s total shares — few could have imagined a few months ago the media mogul looking this vulnerable. [Reuters]