Fox News' Roger Ailes sees pay cut
NEW YORK -- News Corp. chairman and CEO Rupert Murdoch's total compensation rose slightly to $22.7 million for the company's fiscal year that ended in June, even though his performance-based bonus fell 20%.
His salary was unchanged at $8.1 million, while his performance-based bonus dropped to $4.4 million. His total compensation compared with $22.2 million a year earlier. The figures were detailed in a regulatory filing late Tuesday. It cited a drop in adjusted earnings per share as a factor in the lower bonus payment.
In his first year since returning to the conglomerate, News Corp. COO, president and deputy chairman Chase Carey earned more than Murdoch. His $26.0 million compensation package included a $10 million bonus on his recruitment from satellite TV giant DirecTV.
Fox News head Roger Ailes made only $14.0 million, down from $22.1 million the year before, even though he had a higher bonus and higher incentive plan compensation. The decline was driven by a dip in the theoretical value of pension and other earnings, after a big pension payout last year.
Meanwhile, Murdoch son James, who runs News Corp.'s European and Asian operations, recorded a virtually unchanged pay package of $10.3 million.
News Corp. recently tied its executive compensation more closely to the company's stock and operating performance.