Rupert Murdoch took in $8.7M in total compensation for fiscal 2014 ended June at News Corp., parent company of the Wall Street Journal, Times of London, Sun and The Australian, as executive chairman.
The 83-year-old hauled in $5M in stock awards, $2.7M in non-equity incentive plan comp and a $1M salary.
News Corp. did not compensate Murdoch during fiscal 2013, according to its proxy statement for the Nov. 13 annual meeting at Fox Studios in Hollywood.
The board's compensation committee determined that Murdoch provided leadership that enabled the company's stock price to rise 21.6 percent.
He was cited for growing existing brands and acquisitions of Storyful Ltd. and Harlequin Enterprises Limited. Murdoch also was credited for simplifying the corporate infrastructure by selling Dow Jones Local Media Group and the Community Newspaper Group.
CEO Robert Thomson topped Murdoch's haul. His total package soared 368 percent from $2.7M to $12.5M.
Stock awards totaled $7.2M. Non-equity incentive comp was $2.6M and salary equaled $2M. Thomson received $314M for the change in pension value and other comp of $255K.
The compensation committee said Thomson provided "exceptional leadership" and "consistent and coherent strategic guidance for investors with an emphasis on globalization and digitalization."
He also introduced new pension schemes, "along with a fundamental change in structure of healthcare packages to reduce short and long-term cost burdens."
CFO Bedi Agay Singh saw a rise in total comp from $2.1M to $5.4M. General counsel Gerson Zweifach earned $1.5M in salary.
Murdoch owns 39.4 percent of News Corp. shares. Southeastern Asset Management has a 12.7 percent, while Saudi Arabia's Kingdom Holding Co. controls a 6.6 percent stake.
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