Rupert Murdoch takes home $17m after 6pc pay cut

The figures, released in documents News Corp filed with US regulators, show Mr Murdoch’s son James took a 13pc pay cut to $8.8m.
The fall in pay comes despite News Corp, which owns 20th Century Fox, MySpace and a stable of newspapers across the world, recording an 11pc rise in full-year operating profits to $3.96bn on sales up 8pc to $32.8bn.
The strong performance was helped by the success of James Cameron’s 3D film Avatar, which grossed $2.75bn at the box office and broke DVD records when it went on sale in the US in April.
Rupert Murdoch’s third wife Wendi collected $92,000 in consulting fees for advising MySpace China and received options of more than 2.5pc of shares in the Asian version of the social media site.
The Murdochs’ pay was dwarfed by Chase Carey, News Corp’s chief operating officer, who collected $23.1m – including a $10m “golden hello”, after he rejoined NewsCorp from DirecTV, and a $5m guaranteed bonus. His basic pay was $8.1m – the same as Rupert Murdoch’s.
However, Mr Carey’s salary for the current financial year has been halved to $4.05m.
Roger Ailes, boss of News Corp’s Fox News TV network in the US, took home $13.2m.
Meanwhile, the company said Mark Hurd, the former chief executive of Hewlett-Packard who was forced to quit the top job amid allegations of sexual harassment, is to step down from News Corp’s board.
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