03/28/2008 02:45 am ET Updated May 25, 2011

News Corp's Peter Chernin Out-Earned Boss Rupert Last Year

Peter Chernin, the president and chief operating officer of News Corporation, was paid more than the company's chairman and chief executive, Rupert Murdoch, for the last financial year, receiving a pay package totalling $34m (£16.8m).

A regulatory filing to the US Securities and Exchange Commission reveals that Mr Chernin was paid the same $8.1m (£4.0m) basic salary as Mr Murdoch, but with an additional $25.9m (12.8m) in stock awards, pension benefits and a performance-related benefit.

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