Rupert Murdoch's Pay for Latest Fiscal Year Dropped to $28.9 Million

Rupert Murdoch CEO Summit 2011
Ben Gurr - WPA Pool/ Getty Images

LONDON - JUNE 21:  Chairman of News Corporation Rupert Murdoch listens during The Times CEO summit at the Savoy Hotel on June 21, 2011 in London, England. The summit included News Corporation chairman Rupert Murdoch, chief executives of Goldman Sachs, Santander and Vodafone and Labour Leader Ed Miliband.

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."

E-mail: Georg.Szalai@THR.com
Twitter: @georgszalai