News Corp. agreed to pay CEO Robert Thomson, 52, a $2M salary for fiscal 2014, according to financial documents filed Sept. 20 with the Securities and Exchange Commission.

robert thompsonCFO Bedi Ajay Singh is in line for $1.1M pay, while executive chairman Rupert Murdoch does not have an employment contract with News Corp.

Murdoch, 82, is in line for $1M in salary from 21st Century Fox, which formally split with the newspaper owner (Wall Street Journal, The Sun, Times of London, New York Post and Australian papers) in June.

This month, News Corp.’s compensation committee chaired by Masroor Siddiqui, managing partner of Naya Management investment firm, approved equity incentive program award targets of $4M for Thomson, $1.2M for Singh and $2M for Murdoch.

During fiscal 2013, Thomson received total compensation of $2.6M, including $992,308 in salary and a $1M bonus.

He was rewarded for the "successful execution of the separation, including the timely build out of the company's headquarters;" establishment of a corporate strategy/creative group; completion of the investor roadshow and outreach to the investment community; development of a strategic vision for News Corp, and "early commercial successes" including the acquisition of English Premier League mobile rights and the divestiture of Dow Jones local newspapers, according to the SEC document.

News Corp. bases its compensation award payments against what executives earn at a 14-member peer group.

That roster includes Gannett, Liberty Global, Thomson Reuters, McGraw-Hill, CBS, Dish Network, Sirius XM Radio, Virgin Media, Pearson, Omnicom Cablevision Systems, Discovery Communications, Charter Communications, and Interpublic.

News Corp. registered $8.9B in fiscal 2013 ended revenues and $506 in net income.

Its stock is trading at $17.36, against a high of $34.12 and low of $14.52 since the corporate split-up.