The chief executive of News Corporation took a ten per cent pay cut in the financial year ending 30th June 2012, according to regulatory filings.
Rupert Murdoch received a $30 million (£18.9m) compensation package this year, nearly a ten per cent reduction on the $33.3 million (£21m) he was awarded in 2011.
Despite the cut, News Corp. directors granted Murdoch the large remuneration package in the aftermath of the continuing phone hacking scandal in London. His son, James Murdoch, received compensation of $16.8 million (£10.6m) in fiscal 2012 after stepping down from his role leading the company’s publishing division in the UK.
The firm’s chief operating officer, Chase Carey, was paid $24.8 million (£15.6m) in fiscal 2012, representing an almost 18% reduction from the $30.15 million (£19m) received in 2011, and chief financial officer David F. DeVoe received $10.8 million (£6.8m), compared with $18.2 million (£11.5m) in fiscal 2011.
Editor's note: Image attributed to Flickr user Alex E. Proimos