Rupert Murdoch's Pay for Latest Fiscal Year Dropped to $28.9 Million
UPDATED: The media mogul had made $30.0 million in the previous year before a 3.7 percent decline for the latest period ended June 30.
Rupert Murdoch's compensation for the latest fiscal year dropped 3.7 percent to $28.9 million.
He had made $30.0 million the previous year, but saw a slight decline in the latest period ended June 30, according to a regulatory filing Friday.
The filing was made by his entertainment conglomerate 21st Century Fox, which was created along with new News Corp in a split mid-year. The pay for the latest year was for Murdoch's work as chairman and CEO of the pre-split News Corp.
The fiscal-year pay for former News Corp. and now 21st Century Fox deputy COO James Murdoch, the media mogul's son, rose 1.2 percent from $16.84 million to $17.04 million.
Chase Carey, president and COO of the pre-split News Corp. and now 21st Century Fox, made $27.05 million in the latest year, up 9.2 percent from $24.76 million in the fiscal year ended June 30, 2012.
Rupert Murdoch's salary for the latest year was unchanged at $8.1 million, his stock awards rose from $3.51 million to $5.16 million, and he also received a $12.5 million non-equity incentive payout, a form of bonus he received instead of the bonus that he had gotten a year earlier. His other compensation included $274,531 in personal use of the corporate aircraft and $15,694 in personal use of a corporate car. The conglomerate's stock rose 46 percent in the most recent fiscal year.
James Murdoch's salary was unchanged at $3 million, his stock awards rose from $5.26 million to $7.48 million, and he got $6 million in non-equity incentive compensation. Among his other compensation was $283,035 in personal use of the corporate aircraft and $8,925 in personal use of a corporate car. The executive oversees the company's international operations.
Carey's salary was also unchanged at about $4 million, his stock awards rose from $8.77 million to $12.91 million, and his non-equity compensation amounted to $10 million. His other compensation included $60,067 in personal use of the corporate aircraft and $14,400 in personal use of a corporate car.
Illustrating the point with a chart showing the company's stock price fluctuations and pay changes, the filing concluded: "Our Chief Executive Officer’s compensation is, as intended, closely and appropriately linked to performance, including stock price performance."
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