Shira Ovide of The Wall Street Journal reports Wednesday on the compensation of top executives at News Corp., which owns the Journal, reporting that CEO Rupert Murdoch‘s overall compensation fell because of an accounting change.
Ovide also writes, “News Corp. President Peter Chernin‘s salary also remained unchanged at $8.1 million. His bonus was $11.3 million, and the company valued his stock awards at $10.2 million.
“Roger Ailes, whose compensation already is pegged to the financial results of News Corp.’s Fox News Channel, also received a stock award stemming from the October launch of the Fox Business Network. Mr. Ailes oversees both of the cable networks.
“The award of 333,333 shares of News Corp. class A stock — worth about $4.5 million as of Tuesday’s closing price — helped lift Mr. Ailes’s total compensation to $19.9 million for the fiscal year ended June 30.”
Read more here.
