Thursday 20 August 2009

Murdoch's pay down to $18m dollars

Rupert Murdoch, the chief executive and controlling shareholder of News Corp., saw his compensation drop 40 percent in fiscal 2009 as weak earnings reduced his incentive pay, according to an Associated Press review of regulatory filings.
AP reports Murdoch, 78, was awarded a compensation package valued at $18 million, down from $30 million a year ago, according to the review of News Corp.'s proxy filed Thursday with the Securities and Exchange Commission.
His base salary of $8.1 million was unchanged, but his performance-based incentive pay fell 69 percent to $5.4 million from $17.5 million a year ago.

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