Rupert Murdoch's Fiscal 2021 Pay Dips to $31.1 Million, Lachlan's Slips to $27.7 Million
Fox says pandemic prompted top executives ”reduced their aggregate total target compensation by 9%“
Fox Corp. chairman Rupert Murdoch’s pay dropped to $31.1 million in 2021 for the fiscal year that ended on June 30, while CEO Lachlan Murdoch also saw his pay slip to $27.7 million.
The drop in compensation, according to SEC filings Friday, is due to base salary pay cuts spurred by the pandemic. Rupert Murdoch brought in $34 million the year prior, while Lachlan’s pay was at $29.1. It was also significantly lower than 2019, the year in which the company completed its sale of Fox’s entertainment assets to Disney.
The company says the lower salaries “reduced their aggregate total target compensation by 9%.”
Fox Corp. COO John Nallen also had his pay drop from $13 million to $12.4 million. And CFO Steven Tomsic had a slight uptick in his compensation, from $6.9 million to $7.4 million.
More to come…
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