News Corp Paid Rebekah Brooks £7M Exit Fee: FT

The amount — equal to more than $11.2M using today’s exchange rate — includes cash and pension payments as well as an allowance for legal fees and a chauffeur-driven car, the Financial Times reports, citing “two people with knowledge of her compensation.” But the former News International chief, at the center of the company’s hacking and bribery scandals, shouldn’t spend it all: There are unspecified conditions under which the company can reclaim some funds — so-called clawback clauses that one person says are “substantial.” Rebekah Brooks joined News International in 1989. The UK government has charged her with three counts of alleged phone hacking, including a general charge that could affect as many as 600 victims including celebrities such as Angelina Jolie and Brad Pitt. She also faces three counts of conspiracy to pervert the course of justice. Her trial is provisionally scheduled to begin September 9, 2013.

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