Fox Corp's former chairman Rupert Murdoch's total compensation for 2023 climbed more than 24% to $22.9 million, a regulatory filing showed on Friday.
Rupert Murdoch will be chairman emeritus of both companies.
At Fox, his 2023 compensation includes an annual base salary of $5 million and about $7.6 million in stock awards and options. It also includes $4.4 million in incentive pay, the filing showed. Lachlan's compensation at Fox stands at $21.8 million for 2023, little changed from last year's $21.7 million.
He is set to take over the Murdoch media empire at a time when the industry faces challenges ranging from dwindling traditional television viewership to copyright theft allegations. Separately on Friday, Fox nominated former Australian prime minister Tony Abbott AC and Magic Leap CEO Peggy Johnson to the company's board.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Angelo Carusone on Rupert Murdoch stepping down: “The world is worse off because of Rupert Murdoch”Angelo Carusone, President & CEO of Media Matters for America, issued this statement following reports that Rupert Murdoch is retiring from the boa...
Read more »
Rupert Murdoch Stepping Down As Chairman Of News Corp., Fox; Lachlan Murdoch Sole Chair Of BothRupert Murdoch is stepping dpwn as chairman of the board of Fox and News Corp. in November, the companies said today. He will be appointed Chairman Emeritus of each company. Following the annual sh…
Read more »
Rupert Murdoch hands control of Fox media empire to son Lachlan MurdochRupert Murdoch, who became the driving force in American conservative media through Fox News is stepping down from the boards of both News Corp and Fox Corp.
Read more »
From Murdoch to Murdoch: What We Can Expect From a Post-Rupert FoxOver decades, Rupert Murdoch created a multibillion-dollar media empire that, in turn, changed journalism for better and for worse.
Read more »
FOX changes: Rupert Murdoch steps down as chair of Fox Corp., NewsMurdoch, 92, will become Chairman Emeritus of each company following the company’s annual general meetings in mid-November.
Read more »