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Rupert Murdoch Receives $12.5 Million Bonus

Reported by Ellen - September 3, 2011 -

I posted earlier about Rupert Murdoch's $33.3 million compensation for the fiscal year ended June 30, 2011 - a 47% increase from the year before. At the time, it was not known if the increase represented exercising stock options or was an actual raise. But we now know that $12.5 million of that was a bonus. Rupert Murdoch's son, James Murdoch, was awarded a $6 million bonus but he declined it "in light of" the phone hacking scandal.

The Guardian writes:

The bonuses were for the year to the end of June, during which time News Corp became mired in the phone-hacking scandal that engulfed the News of the World. The affair only escalated into a full-blown corporate crisis – with the closure of the News of the World and several executive resignations – in July, shortly after the end of News Corp's financial year.

Chase Carey, News Corp's chief operating officer and Murdoch's right-hand man, took home $30m in the year to 30 June, including a $10m bonus. Roger Ailes, who runs Fox News, received a slight increase in total compensation in 2011, up to $15.5m from $13.9m in 2010. Ailes received a $1.5m cash bonus.

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