News Corp. CEO Thomson receives 10 percent increase in compensation
News Corp. chief executive officer Robert Thomson, the former editor of The Wall Street Journal, received a 10.1 percent increase in total compensation to $11.3 million during the company’s 2016 fiscal year, according to the company’s proxy statement filed Wednesday.
Thomson received $2.04 million in salary, $5.4 million in stock awards and $3.2 million in incentive plan compensation. He also received $394,453 in other compensation.
His total compensation during the 2015 fiscal year was $10.3 million.
News Corp. is the parent of Dow Jones & Co., which operates The Journal, MarketWatch.com, Barron’s and Dow Jones Newswires.
Thomson’s compensation increase is likely to upset the union representing business journalists at the company. It is currently negotiating a new contract with the company, but Dow Jones is refusing to agree to its proposed pay raises.
Executive chairman Rupert Murdoch received $5.3 million in total compensation for the 2016 fiscal year, up from the $5.1 million in total compensation from the 2015 fiscal year.
The proxy can be found here.