Rupert Murdoch’s total compensation rises to $29.2 million in 2014
Media mogul Rupert Murdoch got a slight bump in overall pay for fiscal 2014.
Murdoch’s total compensation for his role as 21st Century Fox’s chairman and chief executive rose to $29.2 million for the 12 months that ended June 30.
That’s up about 1% from the prior year, when Murdoch, now 83, received $28.9 million.
21st Century Fox disclosed its top executives’ compensation on Monday in a regulatory filing for the fiscal year that ended about a year after it separated from News Corp.
On June 28, 2013, the media giant known as News Corp. completed its split into two publicly traded companies. Now News Corp. holds print media properties including the Wall Street Journal, while 21st Century Fox owns television networks and production studios, along with the movie studio 20th Century Fox Film Corp.
The company said in its filing that its CEO compensation reflected its financial performance and growth during the year following the corporate split.
“With his guidance during this fiscal year, the company was able to capitalize on its new alignment and strategic focus created by the separation to more effectively and efficiently build on the momentum in its core businesses and benefit from the global demand for premium content,” the company said.
Murdoch’s base salary fell to $7.1 million in 2014, from $8.1 million for the prior year. His performance-based cash bonus also fell to about $10.2 million, from $12.5 million.
However, Murdoch’s stock awards rose, valued at $6.3 million in 2014. Also making up the difference was his change in pension value and deferred compensation, which amounted to $5.38 million, compared with $2.85 million for 2013. His other compensation was $280,747.
Shares of 21st Century Fox Inc. are up about 5% during the last 52 weeks, as of the close of trading on Friday. On Monday, the stock fell 10 cents a share, or 0.3%, to $34.33 in midday trading on Wall Street.
Compensation for Murdoch’s second in command, Chief Operating Officer Chase Carey, grew to nearly $28 million, up 3% year-over-year.
Rupert Murdoch’s son James, Fox’s co-chief operating officer, saw his overall pay increase 10% to $18.7 million.
The company recently made an unsolicited and ultimately unsuccessful attempt to take over Time Warner Inc. for $80 billion.
Follow Ryan Faughnder on Twitter for more entertainment business coverage: @rfaughnder
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