Rupert and Lachlan Murdoch, the overseers of the Fox Corp. media conglomerate their family controls, saw their annual compensation fall for the most recent fiscal year in large part due to executiv…
, the overseers of the Fox Corp. media conglomerate their family controls, saw their annual compensation fall for the most recent fiscal year in large part due to executives’ decision to give up salary between May and September as the company grappled with the effects of the coronavirus pandemic.’s total annual compensation fell 19%, to just under $34 million in fiscal 2020, compared with about $42.2 million in fiscal 2019, according to a proxy statement filed Wednesday with the U.S.
Top Fox Corp. executives volunteered to forgo base salaries for five months, while directors of the company’s non-executive board members suspended compensation increases for fiscal 2021. “These and other actions enabled the Company to preserve its dividend to stockholders notwithstanding the impact of the pandemic,” Fox said in its proxy.
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