21st Century Fox, the media and entertainment company created out of the split of News Corp, filed a definitive proxy statement with the SEC today, revealing some interesting figures. Among them is the news that chairman and CEO Rupert Murdoch earned about $1.1M less in fiscal 2013 than the previous year. (The year ended on June 30 and News Corp officially split on June 28, so the figures rep his pay under the company’s former iteration.) His full fiscal 2013 compensation was $28,913,040. The previous year it was just over $30M and for 2011 it was $33.3M. (Separately, Forbes reported yesterday that Murdoch has purchased a 13-acre winery and mansion in Bel Air. Property records show that he paid $28.8M, so basically a year’s takings.) According to the SEC filing, Murdoch had 2013 stock awards of $5.2M, an increase from the $3.5M he got in 2012. His incentive plan compensation was $12.5M; changes in his pension value were worth $2.85M; and “all other compensation” equaled about $300,000. Chase Carey, deputy chairman, president and COO, had an earnings rise to $27M from 2012’s $24.7M. Scion James Murdoch, who is now deputy COO and chairman and CEO of international, also saw a pay bump to just over $17M, up from the $16.8M he made last year but less than the $17.9M he took home in 2011.
Rupert Murdoch’s Earnings Drop To $28.9M For Fiscal 2013
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