Fox Corp CEO Lachlan Murdoch's 2022 pay falls 21% to $22M
Fox Corp reports 2022 executive compensation
By ExecPay News
Published: September 19, 2022
Fox Corp reported fiscal year 2022 executive compensation information on September 19, 2022.
In 2022, five Fox Corp executives received on average a compensation package of $14M, a 26% decrease compared to previous year.
Average pay of disclosed executives at Fox Corp
Lachlan K. Murdoch, Chief Executive Officer, received $22M in total, which decreased by 21% compared to 2021. 38% of Murdoch's compensation, or $8.2M, was in stock awards. Murdoch also received $6.3M in non-equity incentive plan, $2.8M in option awards, $3M in salary, as well as $1.5M in other compensation.
For fiscal year 2022, the median employee pay was $91,803 at Fox Corp. Therefore, the ratio of Lachlan K. Murdoch's pay to the median employee pay was 237 to one.
K. Rupert Murdoch, Chair, received a compensation package of $18M, which decreased by 41% compared to previous year. 34% of the compensation package, or $6.3M, was in non-equity incentive plan.
Viet D. Dinh, Chief Legal and Policy Officer, earned $11M in 2022, a 10% decrease compared to previous year.
John P. Nallen, Chief Operating Officer, received $10M in 2022, which decreases by 18% compared to 2021.
Steven Tomsic, Chief Financial Officer, earned $6.1M in 2022, a 18% decrease compared to previous year.
Fox Corp's fiscal year ends on June 30.
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Source: SEC filing on September 19, 2022.