21st Century Fox executive chairman Rupert Murdoch saw his annual compensation rise almost 25% compared with fiscal-year 2015, with a total package of $34.6 million. He made $27.9 million in 2015, when he also was CEO. His son James Murdoch, in his first year as the new CEO, was at $26.4 million. That’s a big bump from a year ago, when as co-COO he made $15.1 million.
The news came this morning via the company’s SEC filing and ahead of its annual meeting of stockholders November 10 at the Zanuck Theatre at Fox Studios. There it will ask shareholders to re-elect its 13-member Board of Directors and consider an advisory vote to approve the exec compensation.
Lachlan Murdoch, in his first fiscal year as executive chairman, had total compensation of $23.7 million.
Rupert Murdoch’s salary was even with last fiscal year at $7.1 million, with the bump coming mostly from a change in pension value and nonqualified deferred compensation earnings, the company said.
His sons each had a salary of $3 million, with the company saying in the filing the compensation committee “considered that, since [Lachlan and James] will share responsibility for the management and leadership of the Company, [they] should receive identical compensatory arrangements.”
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