War at the Wall Street Journal

Almost a month into the public's knowledge of Rupert Murdoch's bid for Dow Jones, Mike Elefante, the Hemenway & Barnes lawyer who sat on the Dow Jones board as a representative of the Bancroft family's various trusts, asked Peter McPherson, chairman of the board, if he could call a board meeting. "Any reason in particular?" McPherson queried, helpless before this diffuse family who controlled his fate. "I'd rather just cover it at the meeting," Elefante replied.

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