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Compensation Falls for Murdochs at 21st Century Fox

Compensation for Rupert, Lachlan and James Murdoch fell at 21st Century Fox as the executives continued to earn the same basic salary as they did last year but took in fewer stock awards and pension benefits, according to a proxy statement filed with the U.S. Securities and Exchange Commission Thursday afternoon.

Rupert Murdoch serves as executive chairman of the large media conglomerate, which operates the Fox broadcast network, the FX cable networks and the 20th Century Fox movie studio. His son Lachlan is also executive chairman of the company while James is chief executive.

Rupert Murdoch earned $7.1 million in base salary, a little more than $5.4 million in stock awards, $10.5 million in an incentive plan and $6.1 million in pension benefits according to the statement. He also earned $180,611 in money related to corporate travel, insurance and other benefits. In all his total compensation fell to around $29.3 million, compared with nearly $34.6 million in the company’s fiscal 2016.

Lachlan Murdoch earned $3 million in base salary, $8.5 million in stock awards, $8 million in an incentive plan and $959,000 in pension benefits, according to the statement. He also earned $121,730 in additional compensation related to corporate benefits. In all his total compensation fell to around $20.6 million, compared with $23,7 million in the previous fiscal year.

James Murdoch earned $3 million in base salary, around $8.5 million in stock awards, $8 million in incentives and $589,000 in pension benefits. He also earned $193,832 in additional compensation related to corporate benefits. In all his total compensation fell to around $20.3 million, compared to nearly $26.4 million in the previous fiscal year.

 

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