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Mr Murdochs high influence and power can de seen from the way he deliberately forged political friendship with people like former british pime ministers Bob Hawk, Tony Blair and Margaret Thatcher which enabled the company acquire interests in SKY TV in the UK.
Due to risky acquisitions News Corporation underwent a financial crisis which was only overcome by Mr Murdoch guaranteeing his personal assets this was of course against the laws of corporate governance which is discussed in detail later...
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This group of stakeholders interest is usually limited by the number of shares each individual owns, but as a group are able to influence the firms direction and future. News Corporation kept its stakeholders happy despite various hiccups though at one time differences arose when Mr Murdoch indicated that one of his sons James would in future become his successor...
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