Monday, March 20, 2023
HomeAustralian NewsRupert Murdoch takes house $33 million wage

Rupert Murdoch takes house $33 million wage

With two govt chairman roles to his identify at Information Corp and Fox Corp, 91-year-old Rupert took house a tidy sum.

Rupert Murdoch

Information Corp lastly launched its 2021-22 annual common assembly (AGM) proxy assertion to the ASX at 8.17am at present, revealing that will probably be holding a totally digital AGM on November 15 at 10am New York time. This may be unlawful in Australia now that we’re by way of pandemic restrictions and firms are required to supply a bodily part to their annual gatherings with shareholders.

Whereas most clear ASX-listed firms now launch their remuneration particulars in August, together with the total yr outcomes, Information Corp nonetheless waits for so long as doable to disclose who was paid what through its proxy assertion.

Rupert Murdoch, 91, isn’t turning into any much less money-focused as he ages. He pocketed US$6.47 million (A$9.94 million) as Information Corp’s “govt chairman” in 2021-22, regardless of not attending any of the 4 earnings calls with analysts held through the yr.

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The world’s longest-serving public firm director continues to be paid as “govt chairman” of the utterly unrelated firm Fox Corp, the place he obtained $US15.4 million (A$23.66 million) in 2021-22.

All up, Murdoch males have now been paid greater than $1.5 billion by public firms they management since 2000, though at the least the overall determine of $US46 million in 2021-22 was a 10-year low and properly under the $US65.84 million they pocketed in 2020-21.

If solely the Murdochs have been just like the Packer household and agreed to work free of charge as public firm administrators, as a substitute limiting themselves to having fun with the advantages of dividends and share value appreciation delivered by their glorious administration.

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