Fox Corp Chairman K Murdoch's 2020 pay jumps 574% to $34M
Fox Corp reports 2020 executive compensation
By ExecPay News
Published: September 23, 2020
Fox Corp reported fiscal year 2020 executive compensation information on September 23, 2020.
In 2020, five Fox Corp executives received on average a compensation package of $19M, a 32% decrease compared to previous year.
K. Rupert Murdoch, Chairman, received $34M in total, which decreased by 19% compared to 2019. 40% of Murdoch's compensation, or $14M, was of change in pension value and nonqualified deferred compensation earnings. Murdoch also received $8.5M in non-equity incentive plan, $1.8M in option awards, $4.2M in salary, $5.7M in stock awards, as well as $163K in other compensation.
For fiscal year 2020, the median employee pay was $81,307 at Fox Corp. Therefore, the ratio of K. Rupert Murdoch's pay to the median employee pay was 418 to one.
Lachlan K. Murdoch, Chief Executive Officer, received a compensation package of $29M, which decreased by 31% compared to previous year. 30% of the compensation package, or $8.9M, was in stock awards.
John P. Nallen, Chief Operating Officer, earned $13M in 2020, a 38% decrease compared to previous year.
Viet D. Dinh, Chief Legal and Policy Officer, received $12M in 2020, which decreases by 50% compared to 2019.
Steven Tomsic, Chief Financial Officer, earned $6.9M in 2020, a 30% decrease compared to previous year.
Fox Corp's fiscal year ends on June 30.