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News Corp. split could boost Murdoch compensation

Published on NewsOK Modified: April 26, 2013 at 5:35 pm •  Published: April 26, 2013
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After the split, which is expected to be completed this summer, Murdoch, 82, will be chairman of both companies and CEO of 21st Century Fox. Both companies will be under Murdoch's control through a family trust that owns nearly 40 percent of a special stock that wields extra voting power.

Under a new compensation plan covering the fiscal year ending in June 2014, most of Murdoch's compensation will be tied to 21st Century Fox.

As CEO of 21st Century Fox, Murdoch will be paid a base salary of $7.1 million and will be eligible for a bonus of up to $10.5 million and stock awards of as much as $5.7 million, for a total of $23.3 million, according to the regulatory filing. As News Corp.'s chairman following the split, Murdoch will be paid a $1 million salary and could receive another $2 million in bonuses and $2 million in stock awards, for a total of $5 million.