Friday, May 27, 2005
Murdoch Laughing All the Way to the Bank
Source: Variety Rupert Murdoch's paycheck is staying ahead of inflation.
According to documents filed Wednesday with the Securities and Exchange Commission, Murdoch got a nice raise last year -- about 42%.
In its proxy statement, which lists the salaries and bonuses of top corporate officers, News Corp. revealed that chairman-CEO Murdoch received a salary of $4.5 million and a bonus of $12.5 million in 2004. That was up from the same salary but only a $7.5 million bonus in 2003.
In addition, the proxy statement notes that News Corp. paid annual upkeep of about $660,000 for the past three years on a Los Angeles residence for Murdoch that was also used for company functions. Murdoch bought the residence in 2004 at fair market value, the document said.
# posted by ATN @ 12:14 AM 
