Evelyn “Queen of the coporate jungle” Davis got the last word, again. The activist shareholder and CEO griller at hundreds, if not thousands, of annual shareholder meetings showed up at Dow Jones’s meeting to approve News Corp’s $5.6 billion takeover.

After freaking out at the mic about the $70 million or so in legal fees and bills for the transaction, she inquired whether opera singer Natalie Bancroft, the newest News Corp board member, was in the room. She was not. But Evelyn had some choice words for her nonetheless.

She is going to surprise everybody and she is independent. She will need some courses of course in corporation finances, she said, sending the room into laughter. I don’t want the men to laugh about it. She can do it. She will surprise everybody.

Then it was Dow Jones CEO Richard Zannino’s turn for a piece of the great Davis. 

Davis: I had heard you’re going to go back into retailing. Let’s see how much Mr. Zannino remembers. I am wearing an outfit by a well known Italian designer, who has been around a lot. Can you tell me who the designer is?

Zannino: Let’s see if I still have my touch. It looks like Valentino to me.

Davis: My God! You are right. You haven’t lost your touch in retail. You would be a great CEO of Neiman Marcus and hope you take it public again.

Davis’s final farewell: About your golden parachute of $20 million. That’s a little bit high for somebody who has been a CEO for only about two years. That’s a golden parachute. Rich, I know you’re feeling sad just like I do. I want to give you a golden handkerchief to wipe off your tears.

(Photo: Reuters /Davis in 2005 GM meeting)