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Rupert Murdoch Gets Huge Salary Raise, Bonus Even After Phone Hacking Scandal

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RUPERT MURDOCH
AP

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.

In total, Murdoch's salary increased by 47 percent -- an impressive feat for a man presiding over a huge, lingering international scandal.

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.

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Rupert Murdoch's compensation swells to $33.3 million in 2011