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| Rupert Murdoch |
Fox Corp. chairman Rupert Murdoch, 90, suffered an 8.4 percent drop to $31.1M in total compensation for fiscal `21.
Son & CEO Lachlan Murdoch, 50, took a 5.1 percent hit to $27.6M.
Both took part in Fox’s “voluntary base salary reduction plan” put into place to deal with the COVID-19 pandemic.
The Murdochs agreed to forgo their base salaries from May 1 until Sept. 30.
They signed agreements acknowledging that the cuts would not be a breach of the employment arrangements, trigger severance or amend or modify the employment pact, according to Fox’s proxy statement for broadcaster’s Nov 10 annual meeting.
COO John Nallen, who earned $12.5M; chief legal & policy officer Viet Dinh ($12.4M); and CFO Steven Tomsic ($7.4M), also participated in the salary reduction plan.
Other key executives reporting to Lachlan took 50 pay cuts from May 1 to Sept. 30.
Vice presidents received 15 percent pay cuts from May 1 through July 31.
Chris Licht, the embattled chairman/CEO of CNN, was fired today in the aftermath of a hard-hitting piece in The Atlantic and Donald Trump's town hall meeting.
Terence Samuel, VP and executive editor at NPR News, is joining USA Today as editor-in-chief on July 10.
Crisis guru Risa Heller worked with Elizabeth Holmes to place the puff piece that ran in the New York Times on May 7. The NYT's newsroom is still seething over the profile of the convicted Theranos founder.
David Leavy, chief corporate affairs officer at Warner Brothers Discovery, has been named COO of CNN Worldwide, effective June 20.
A newly released Harris-Harvard poll shows that Americans’ low views of the media are matched only by their grim current outlook on the state of the country and the economy at large.
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Sep. 21, 2021, by Joe Honick
How smart of them. Now did assault troops like Hannity, Carlson et all do the same?