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Rupert Murdoch’s Fox Paycheck Drops; James Murdoch Earns $15 Million in 2015

Rupert Murdoch saw slightly less take-home pay from 21st Century Fox in fiscal 2015, while newly appointed CEO James Murdoch earned $15 million for the year ending June 30.

Rupert Murdoch’s total compensation was $27.9 million, down from $29.2 million in fiscal 2014 and $28.9 million in fiscal 2013. The elder Murdoch took in $7.1 million in salary and the rest in stock awards, other incentive compensation and gains in the value of his pension plan.

Prior to his promotion to CEO in July, James Murdoch as Fox’s co-COO earned $3 million in salary and almost $12 million in stock awards and incentive compensation.

In his last year as president-COO, Chase Carey earned $23.2 million, including $4.05 million in salary and $9 million in stock awards. As of July 1, 2016, Carey will segue to a non-exclusive consulting agreement with Fox that will bring him $20 million a year for two years.

With his promotion to CEO, James Murdoch’s salary will remain $3 million a year, and he’ll be eligible for a bonus ranging from $8 million to $16 million, plus stock awards. His older brother, Lachlan Murdoch, has the same agreement for his role as co-chairman serving alongside his father.

Rupert Murdoch also saw his compensation from News Corp., the publishing side of his empire, drop in the most recent fiscal year.

CEO compensation has become a hot-button issue for shareholder rights advocates. Although the Murdoch family has a firm grip on 21st Century Fox and News Corp., their paychecks aren’t as high as some of their media peers.

Discovery’s David Zaslav reaped a $156 million compensation package this year, most of it in stock awards. CBS’ Leslie Moonves has been on the high end of the CEO pay scale in recent years, with his most recent haul at $57.2 million, down from nearly 15% from 2014. Disney’s Bob Iger took in $46.5 million in 2014.

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