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John Malone Stepping Down As Director Emeritus At Charter
Five years after John Malone retired from the board of directors at Charter, he is exiting as the company's director emeritus, citing Clayton Act concerns.
“I stepped away from my director emeritus role at Charter due to the uncertainty around Clayton Act inquiries,” Malone said in a statement, per Cablefax. His move comes weeks after the Justice Department informed Miron and Newhouse that it was investigating whether their service violated Section 8 of the Clayton Antitrust Act on overlapping boards, specifically involving Charter. According to a proxy filing with the SEC today, The billionaire media mogul was set to stand for re-election as WBD’s shareholders meeting in June.
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