News Corp (NWS) – An Outsider With An Outsized Opportunity

What makes a successful leader? More importantly, what defines an exceptional leader?

In this note, Portfolio Manager Ray David discusses some traits of quality leadership such as capital allocation, cash flow, decentralized management, and the ability to make contrarian decisions to driver shareholder value creation.

Ray also draws parallels to Bill Anders’s turnaround of General Dynamics in 1991, and how a similar transformation is occurring at NewsCorp Inc led by CEO Robert Thomson.

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