One man stands between News Corp. chief Rupert Murdoch and the Dow Jones-controlling Bancroft Family: a reserved, unassuming Boston lawyer named Michael B. Elefante, who has managed most of the Bancrofts' trust accounts for decades. Next week, beginning with Monday's strictly informational meeting, Elefante will mediate the $5B transaction.
During the infosession at an undisclosed location in Boston, Elefante will moderate between the nearly 50 people who are expected to attend including 35 Bancrofts and their advisers. Then he'll sit down with each family member individually and tally the support and opposition. A formal vote will most likely take place next week.