money digest


Carey to step down from board

News Corp. said Monday that DirecTV Group president and CEO Chase Carey plans to resign from its board once News Corp. and Liberty Media Corp. complete their planned $11 billion asset swap, which will transfer a controlling stake in DirecTV to Liberty. In a U.S. Securities and Exchange Commission filing, News Corp. said Carey's resignation isn't the result of any disagreement. News Corp. shareholders have approved the transaction, which now awaits approval from the FCC.

Big paydays for MSLO pair

Martha Stewart Living Omnimedia Inc. founder Martha Stewart received total compensation valued at nearly $2.1 million in 2006, according to a regulatory filing Monday. CEO Susan Lyne's compensation package was worth more than $4.4 million. Stewart received a salary of $900,000 and a bonus of $495,000 as well as $505,000 under a nonequity incentive plan and $163,785 in other compensation. That included $39,181 for the personal use of the company plane, $17,873 for the weekend use of a car service plus a $100,000 expense allowance. Lyne's salary also amounted to $900,000, with more than $2.5 million coming from stock and option awards.