Rupert Murdoch

Rupert Murdoch reaps $34 million in compensation

Rupert Murdoch reaps $34 million in compensation

Media mogul Rupert Murdoch might be getting out of the office more, but he continues to pull down handsome compensation.

The 85-year-old executive chairman of 21st Century Fox collected $34.6 million in executive compensation in fiscal 2016, which represents a 24% raise from the prior year, according to a regulatory filing on Friday.

The increase was largely due to an accounting measure. The company founder’s base salary of $7.1 million and his cash bonus of nearly $9.8 million remained the same as fiscal 2015, but his total compensation soared because of a change in how the value of his pension was...

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