Rupert Murdoch Gets Huge Salary Raise, Bonus Even After Phone Hacking Scandal
Even as his company weathers its biggest crisis ever, Rupert Murdoch is still pulling in a huge salary from News Corp.
Regulatory filings released on Friday showed that Murdoch's total compensation for the 2011 fiscal year was $33.3 million. As technology writer Peter Kafka noted, this included a $12.5 million bonus. Murdoch also received $8.5 million in stock.
Murdoch's son James -- who has been even more deeply implicated in the scandal than his father -- received a far heftier spike in his compensation. James was awarded a $6 million bonus, and his total salary was $17.9 million. That's a whopping 73 percent rise.
The report came as News Corp. announced that it was shuffling its board of directors, though the company denied that the changes were occurring as a result of the hacking scandal.
UPDATE: James Murdoch issued a statement Friday saying he would decline the bonus "in light of the current controversy surrounding News of the World." Rupert Murdoch is apparently keeping his bonus.