By Kevin McCauley
Rebekah Brooks, the former News of the World and Sun editor who is the at the center of News Corp.’s U.K. phone hacking scandal, received a $17.4M windfall when she resigned her post in July.
News Corp. disclosed that payment in a filing in the U.K., booking it “compensation for loss of office” for a company director. It did not name the director, but the Wall Street Journal confirmed that the money went to Brooks.
The compensation also includes ongoing benefits such as “office space for a period of two years, aw wall as reimbursement for all legal and other professional costs” related to the hacking probe.
The document says “further costs are likely to be incurred I future accounting periods but these have not been recognized due to the uncertainty surrounding the timing and value of these costs.”
Brooks has denied any wrongdoing related to hacking. |