Rupert Murdoch's Total Pay at News Corp Valued at $5.3 Million
October 12 2016 - 6:20PM
Dow Jones News
News Corp Chairman Rupert Murdoch and Chief Executive Robert
Thomson saw their compensation increase in the latest fiscal year,
helped by higher performance-based payments and an extra week.
News Corp, parent company of The Wall Street Journal, said in a
regulatory filing that Mr. Thomson's compensation for the year
ended June 30 was $11.3 million, up from $10.3 million in fiscal
2015. Mr. Murdoch's compensation, meanwhile, was valued at $5.34
million, up from $5.07 million the previous year.
Mr. Murdoch and Mr. Thomson continued to have base salaries of
$1 million and $2 million respectively, with slightly higher totals
for the latest fiscal year due to the inclusion of an extra
week.
Mr. Murdoch received a $2.13 million cash incentive payment,
compared with a $2 million target amount. The company said the
increase reflected News Corp's financial results, strong
performance in its digital real estate portfolio and "substantial
de-risking."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 12, 2016 18:05 ET (22:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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