Fox CEO Lachlan Murdoch Earned $29M In Fy 2020 And Chairman Rupert Murdoch $34M; Both Down From Year Ago In Covid Nod
Fox CEO Lachlan Murdoch’s compensation totaled $29.15 million for the fiscal year ended in June, down sharply from $42.11 million the year before.
His dad, chairman Rupert Murdoch, took home $33.98 million, also below the $42.16 million for Fox’s fiscal 2019, according to a proxy statement filed Wednesday with the Securities and Exchange Commission.
The dip is due in part to the executives voluntarily agreeing to forgo 100% of their base salaries from May 1 through September 30, the proxy said. Neither exec took a bonus, and stock awards, while hefty, were significantly lower than the year before.
Executive pay was a hot-button issue last spring when most companies (that work on a calendar year ending in December) file proxies. These documents among other things report the annual compensation of the top five highest-paid execs. The pandemic was already in full force with many workers furloughed or laid off even as media CEOs recorded giant pay...
His dad, chairman Rupert Murdoch, took home $33.98 million, also below the $42.16 million for Fox’s fiscal 2019, according to a proxy statement filed Wednesday with the Securities and Exchange Commission.
The dip is due in part to the executives voluntarily agreeing to forgo 100% of their base salaries from May 1 through September 30, the proxy said. Neither exec took a bonus, and stock awards, while hefty, were significantly lower than the year before.
Executive pay was a hot-button issue last spring when most companies (that work on a calendar year ending in December) file proxies. These documents among other things report the annual compensation of the top five highest-paid execs. The pandemic was already in full force with many workers furloughed or laid off even as media CEOs recorded giant pay...
- 9/23/2020
- by Jill Goldsmith
- Deadline Film + TV
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