According to an SEC filing, total executive salaries for Fox Corp.’s top executives decreased in fiscal 2022 from a year ago.
CEO and CEO Lachlan Murdoch took home a $21.7 million salary package from $27.7 million in fiscal 2021.
In addition to his $3 million base salary, the CEO received $8.2 million in stock rewards and $6.3 million through a non-stock incentive scheme.
Lachlan’s father and company chairman, Rupert Murdoch, earned $18.4 million, well below his $31.1 million package in 2021. The key elements were a base salary of $5 million, a stock award of $5.1 million, and a non-corporate capital of $6.3 million. incentive plan.
Fox’s legal and policy director, Viet Dinh, raised $12.4 million from $12.4 million a year ago. Director John Nalen received $10.2 million versus $12.45 million. Steven Tomsic fell from $7.5 million to $6.1 million.
Alongside the executive compensation announcement, the company said in a proxy statement that it has set the date for its annual shareholders meeting to be November 3.
Shares of Fox Corp. fell of late, as did those of many other media companies. They fell over 10% last year and closed the week at $31.97 after a 3% gain in today’s trade.
As of 2019, the Murdochs managed the shrinking Fox Corp. as a separate entity after the family agreed to sell most of 21st Century Fox to Disney. Rupert Murdoch is also CEO of News Corp., which owns Dow Jones, Foxtel Group and other media assets. Lachlan Murdoch is co-chairman of News Corp.
Source: Deadline
Crystal Leahy is an author and health journalist who writes for The Fashion Vibes. With a background in health and wellness, Crystal has a passion for helping people live their best lives through healthy habits and lifestyles.
