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alp227

(31,959 posts)
Fri Apr 26, 2013, 03:26 PM Apr 2013

Murdoch's Pay to Rise 15% After News Corp. Split

Source: B&C

News Corp. said that if its proposed split into two companies goes through, the target for Rupert Murdoch's total compensation will increase by 15% to $28.3 million in fiscal 2014.

Murdoch will be paid $7.1 million in salary as CEO of the new TV and movie company 21st Century Fox.

Murdoch will also be paid a salary of $1 million as executive chairman of the new News Corp., which will own the company's publishing assets and television businesses in Australia. His current salary is $8.1 million, so essentially his salary will be unchanged.

Read more: http://www.broadcastingcable.com/article/493123-Murdoch_s_Pay_to_Rise_15_After_News_Corp_Split.php

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