SEC filings Friday, is due to base salary pay cuts spurred by the pandemic. Rupert Murdoch brought in $34 million the year prior, while Lachlan’s pay was at $29.1.
It was also significantly lower than 2019, the year in which the company completed its sale of Fox’s entertainment assets to Disney.
The company says the lower salaries “reduced their aggregate total target compensation by 9%.”Fox Corp. COO John Nallen also had his pay drop from $13 million to $12.4 million.
And CFO Steven Tomsic had a slight uptick in his compensation, from $6.9 million to $7.4 million. The pay packages were revealed Friday in proxy filings with the U.S.
Read more on thewrap.com
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