Overseeing News Corp’s phone hacking and bribery scandal pays pretty well it seems. Chairman and CEO Rupert Murdoch will be getting a $12.5M bonus, which with his salary takes him to $33M for the 2011 fiscal year, a 47% raise. Son James would have been getting $17.9M, but for some reason, he turned down his $6M bonus. All the brass is doing pretty well: CFO David DeVoe more than doubled his haul from $7.1M in 2010 to $18.2M. COO Chase Carey took home $30.2M, including a $10M bonus and $15.2M in stock. Fox News Chairman Roger Ailes is getting $15.6M. The numbers came out in an SEC filing. No word as of yet that the 80-year-old mogul wil turn down his bonus.
The Hollywood part of News Corp’s empire would love to see new board nominee Jim Breyer’s digital savvy and relationships deliver the kind of boost Steve Jobs gave Disney when he was on that board. The Accel partner is the new No. 1 on Forbes‘ Midas List and has the tech cred. He bet big on Facebook before it left News Corp’s MySpace in the dust and his company is the social network’s biggest outside investor. He’s on the WalMart and Dell boards and knows showbiz. He’s on the Legenary Pictures board and was a director at Marvel before Disney bought it. But the political and crime thriller that will play out in ”this exciting time in the company’s history” as he called it in a short statement, will be uncharted territory for the 50-year-old Bryer.
It might be faint praise, but Thomas Perkins, who stepped down from the News Corp board along with Kenneth Cowley Friday, had been called the “most independent voice among Ruperty Murdoch’s cronies.” He’s been critical of the way the scandal has been handled, but said Friday that wasn’t why he was leaving and that he had told Rupert Murdoch he was leaving earlier this year. ”I said I don’t think the board should have two 80-year olds unless one of them owns the company,” said Perkins, who turns 80 later this year. He knows his way around a major corporate scandal. He resigned from the board of Hewlett Packard after it was found that company spied on its directors and journalists to find information leaks. Cowley, an Australian exec withNews Corp for decades, has been a director since 1979. Withtwo directors leaving and just one nominated, the board will will shrink to 15 members. Murdoch’s daughter Elisabeth was set to become the 17th director and fourth family member seated, but the nomination was dropped in the wake of the hacking scandal. The annual meeting with shareholders will be held on Oct. 21 on the Fox lot in L.A.


James Murdoch rejected his raise but it will be returned to him in the form of an increased allowance for doing his chores.
Are we still careing about this crap?
Agreed. They shut down the paper and just a portion of their business. Their compensation is their shareholder’s business. That said, we need more shareholder rights.
I’m still thankful for Rupert Murdoch for giving us Mayor Koch.
So the lizard who oversaw hacking the phones of parents’ whose daughter was murdered is getting more money money money and people on this board use words like integrity to describe them? What are you people….slaves?
“we need more shareholder rights.”
You have the right to sell your shares and move on to something else.
Either you are so ignorant you don’t realize that the Murdochs are incredibly powerful in US politics, or you are a Newscorp shill (or maybe both).
If the Brits find a way to throw the Murdochs in jail it will be a great day for the people of the United States, whose politicians are too beholden to corporate interests to go after Murdoch themselves.
At least James has some integrity. Bonuses should be awarded for achieving goals and making money. Considering a major rag folded, none of them deserve a bonus.
INTEGRITY?????????????????????
YOU ACTUALLY SAID THAT?
So James is now only getting $11.9 million, poor guy.
a different view is that James knows he drove away some talented high level News Corp executives who could have helped Rupert weather the crisis. Now he feels guilty about his father being left to fend for himself.
Or it’s a PR move
Who needs six million when your father owns the company? I doubt Jamie’s living paycheck to paycheck.
Boycott Fox News sponsors.
Hmmm, Murdoch and the Newscorp board of directors raiding every last red cent from the treasury before Newscorp stock becomes worthless? Shareholders must be feeling like quite the chumps right now.
Thanks for continuing to highlight the Murdoch story, Deadline Hollywood – you are on the side of the angels.
Doesn’t Rupes make enough money from his Shale Oil business that he’s been constantly plugging on Fox Business News (without any mention that he’s using the channel for infomercial purposes?)
With all due respect to senior management and the crucial role they play in the success of multi-national coroporations, I read this story and just sort of got disgusted. Hollywood is in the doldrums and big media companies have been downsizing their workforces in an effort to create more stockholder value. Well I suppose that’s the right thing to do in more normal times, but these are not normal times. Hollywood with it’s ethnic and often familial roots, has always prided itself on being an intimate and close knit family. We work hard, play hard and yet have great latitude for religious committments and family dynamics. We’re all fortunate to be a part of that. But money is money and people are hurting. If you took the combined bonuses, not even salaries, of Messrs Murdoch, Murdoch, DeVoe, Carey, Ailes you are somewhere near 50 million dollars going to men who are already millionaires many times over. Can you imagine what spreading 50 million dollars over the Newscorp workforce, from the bottom up, would do for morale and more importantly, well being? Having been a Fox employee when they still threw Christmas parties, I was always amazed at the missed opportunity they were. Instead of a mediocre night of celebration, amort the cost of those parties and increase people’s bonuses. But somehow, the caste order of those that have and those that don’t compels one to ‘mingle’ with the workers as if a single worker really cares whether they shake Rupe’s hand or not. But money that impacts one’s life has the power to make employees go the extra yard, stay the extra hour, work the extra day and that is productivity. More money for this group, as they face the criminality they face right now, simply seems like a slap in the face to everyone associated with the company, and even more so to those who were downsized and find themselves scrambling to put food on the table. Is there really no sense of fairness left in our world?
Right on….
I don’t know who is the biggest criminal, Ailes or one ofnthe Murdochs, but could we put all of them where they belong while the courts decide?