News Corp. CEO to receive annual $2M to $4M bonus beginning in 2016
Robert Thomson, the CEO of News Corp., the parent company of The Wall Street Journal and Barron’s, will receive a guaranteed $2 million bonus in 2016 and a guaranteed $4 million bonus for the three years after that, according to an SEC filing Wednesday.
The filing includes a new contract for Thomson that pays him a base salary of $2 million — the same as he has been paid the last two years — through June 30, 2019.
He will receive a minimum bonus of $2 million for the year ended June 30, 2016 and then a minimum bonus of $4 million for the following years.
Thomson, who was the top editor of The Journal before taking on the CEO role, last received a bonus in the 2013 fiscal year. That bonus was $1 million.
The new contract also calls for Thomson to receive a long-term equity payout of not less than $5 million.
Last year, Thomson received compensation valued at $10,3 million. That included a $2 million base salary and $4.4 million in stock awards, down from $7.2 million in stock awards in 2014. He also received $3 million from a non-equity incentive plan. His total compensation also included $373,280 in other compensation.
The new contract can be read here.
The new contract comes one day after the union that represents journalists at the company released data showing that it paid women only 86.8 percent of what it paid men.