Lachlan Murdoch, the 52-year-old scion, has — at least for now — won the game of succession at the media empire built by his aging father, Rupert.
Lachlan is not a change agent. His assumption of sole day-to-day command at News Corporation and Fox Corporation is a story of continuity — which likely means that the media organs under his watch will continue their signature mix of tabloid populism, climate denial, and mindless Maga-mania. In the letter announcing Lachlan’s promotion, Rupert called him “absolutely committed to the cause.”
The rise of the...
Lachlan is not a change agent. His assumption of sole day-to-day command at News Corporation and Fox Corporation is a story of continuity — which likely means that the media organs under his watch will continue their signature mix of tabloid populism, climate denial, and mindless Maga-mania. In the letter announcing Lachlan’s promotion, Rupert called him “absolutely committed to the cause.”
The rise of the...
- 9/21/2023
- by Tim Dickinson
- Rollingstone.com
Salaries for senior executives at Fox Corporation declined in the company’s most recent fiscal year as the owner of Fox News Channel and the Fox broadcast network reduced compensation packages as part of dealing with conditions spurred by the coronavirus pandemic.
Lachlan Murdoch, CEO of Fox and executive chairman, saw his total compensation fall to $27.7 million in fiscal 2021, compared with $29.2 million in the previous fiscal year, marking a decrease of approximately 5%. Rupert Murdoch, the company’s executive chairman and the CEO’s father, saw his total compensation dip to $31.1 million, compared with $34 million in the previous fiscal year, representing a drop of approximately 8.4%.
The pay packages were detailed Friday in proxy filings with the U.S. Securities and Exchange Commission.
John Nallen, the company’s chief operating officer, saw his total compensation fall to $12.5 million from $13.1 million in the previous fiscal year.
Top executives at Fox had agreed to...
Lachlan Murdoch, CEO of Fox and executive chairman, saw his total compensation fall to $27.7 million in fiscal 2021, compared with $29.2 million in the previous fiscal year, marking a decrease of approximately 5%. Rupert Murdoch, the company’s executive chairman and the CEO’s father, saw his total compensation dip to $31.1 million, compared with $34 million in the previous fiscal year, representing a drop of approximately 8.4%.
The pay packages were detailed Friday in proxy filings with the U.S. Securities and Exchange Commission.
John Nallen, the company’s chief operating officer, saw his total compensation fall to $12.5 million from $13.1 million in the previous fiscal year.
Top executives at Fox had agreed to...
- 9/17/2021
- by Brian Steinberg
- Variety Film + TV
Fox Corp. will cut senior executive salaries on a short-term basis in response to the coronavirus pandemic. The move was announced Wednesday in a memo from chief executive Lachlan Murdoch.
Read the full memo below.
More to come…
Dear Colleagues,
Together, we are navigating an unprecedented health crisis. While most Americans are staying at home, I want to recognize the magnificent work you are doing to keep our neighbors, friends and families informed and entertained and our company running smoothly in this unique moment in history. Because of your effort, and the years of hard work that preceded it, we are in a strong position to weather this storm.
For those of you most affected by the virus, whether directly or through a loved one, I want to offer my deepest concern and compassion. Since the onset of the crisis our priority has been the health and well-being of our people.
Read the full memo below.
More to come…
Dear Colleagues,
Together, we are navigating an unprecedented health crisis. While most Americans are staying at home, I want to recognize the magnificent work you are doing to keep our neighbors, friends and families informed and entertained and our company running smoothly in this unique moment in history. Because of your effort, and the years of hard work that preceded it, we are in a strong position to weather this storm.
For those of you most affected by the virus, whether directly or through a loved one, I want to offer my deepest concern and compassion. Since the onset of the crisis our priority has been the health and well-being of our people.
- 4/22/2020
- by Daniel Holloway
- Variety Film + TV
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