Lachlan And Rupert Murdoch See Fox Corp. Pay Packages Decline In Fiscal 2022

deadline.com:

Total executive compensation declined for top executives at Fox Corp. in fiscal 2022, compared with a year earlier, according to an SEC filing.Lachlan Murdoch, who is executive chair and CEO, took home a total pay package of $21.7 million, down from $27.7 million in fiscal 2021.On top of a base salary of $3 million, the exec netted an $8.2 million stock award and $6.3 million through a non-equity incentive plan.Rupert Murdoch, Lachlan’s father and the company’s chair, made $18.4 million, a steep decline from his $31.1 million package in 2021.

The main elements were $5 million in base salary, a stock award of $5.1 million and $6.3 million via the company’s non-equity incentive plan.Viet Dinh, Fox’s chief legal and policy officer, collected $11.2 million, down from $12.4 million a year earlier.

COO John Nallen got $10.2 million, compared with $12.45 million. Steven Tomsic was paid a total of $6.1 million, down from $7.5 million.Along with disclosing executive compensation, the company said in its proxy statement that it has set Nov.

3 as the date of its annual shareholder meeting.Fox Corp. shares, like those of many other media companies of late, have been in a slump.