Rupert and James Murdoch Awarded Handsome Bonuses, But James Turns His Down
News Corp head honcho Rupert Murdoch received a $12.5 million cash bonus for the last financial year; about the same time period during which the phone hacking scandal exploded into a full-blown crisis, shuttering News of the World and forcing the Murdochs to testify in front of British MP's. His total compensation rose 47 percent this year to to $33 million.
Elsewhere in News Corp bonuses:
- Rupert's son James, the company's deputy COO, took home a $6 million bonus and also got a raise, finishing the year with $18 million in remuneration -- a 74% increase over last year. However, James has turned down his bonus: "I will consult with the Compensation Committee in the future about whether any bonus may be appropriate at a later date," he said in a statement.
- The splendidly mustachioed COO Chase Carey took home $30 million, with a $10 million bonus.
- Fox News chief Roger Ailes got $15.5 million, up from $13.6 million last year. Ailes got a $1.5 million cash bonus.
A lawyer who represents several phone-hacking plaintiffs said "The bonuses are not very humble given recent events," according to the Guardian.
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