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NWS News Corporation

40.72
0.23 (0.57%)
21 May 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
News Corporation ASX:NWS Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.23 0.57% 40.72 40.69 40.72 40.98 40.57 40.98 113,566 07:13:20

Rupert Murdoch's Total Pay at News Corp Valued at $5.3 Million

12/10/2016 11:20pm

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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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