Rupert Murdoch is to receive a 15 per cent rise in total potential pay as he prepares to split his News Corp media empire into two divisions. The increase will take the total amount he could take home from both companies to $28.3m.
News Corp said in a regulatory filing that Mr Murdoch’s base pay at the two companies would remain unchanged at $8.1m for the financial year 2014.
However, the target payout from his long-term incentive plan across both companies would rise from $4m in 2013 to $7.7m with other bonuses targeted to pay out a total of $12.5m.
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