We've Got Hollywood Covered

Rupert Murdoch’s Fox Pay Shrinks Nearly 5 Percent to $28 Million

Son James Murdoch’s annual pay falls 20 percent in mixed role with company

Rupert Murdoch earned $27.9 million as 21st Century Fox CEO in the fiscal year that ended in June, representing a decline of 4.6 percent, according to a SEC proxy filed by the company on Tuesday.

Son James’ annual pay was also disclosed, down 19.5 percent over the previous year in a split roll as deputy COO and president/co-COO. The 42-year-old has since assumed his father’s role as CEO. Compensation information for brother and executive co-chairman Lachlan was not included in the filing.

The drop in the eldest Murdoch’s compensation is in line with the 6.7 percent decline in Fox’s adjusted stock price for the fiscal year. As TheWrap reported earlier this month, his News Corp. compensation dropped 42 percent to $5.1 million.

Fox’s board approved maximum annual bonuses for Rupert and James Murdoch of $21 million and $12 million, respectively. According to the Tuesday filing, the Murdoch Family Trust controls 38.4 percent of the company’s voting stock.

Twenty-First Century Fox’s annual shareholders meeting will be held on the same date as last year, Nov. 12, at 10 a.m. PT on the Fox lot.