The News Corporation chairman and chief executive, Rupert Murdoch, received a $12.5m (£7.7m) cash bonus for the last financial year, while his total remuneration rose 47% year on year to $33m, according to the company's annual statement to shareholders.Sure. Perfect. Well done, gentlemen!
His son James Murdoch – who is chairman and chief executive of News Corporation in Europe and Asia – also benefited handsomely, with a $6m cash bonus taking his total remuneration to almost $18m – a 74% rise on his 2010 take-home pay.
The bonuses were for the year to the end of June, during which News Corporation became mired in the phone-hacking scandal that engulfed the News of the World.
Number of the Day
$12.5 million: Rupert Murdoch's cash bonus for the last financial year.
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