The Murdoch family – namely Rupert,Lachlan, and James – receive titanic raises on the eve of turning over section of their 20th Century Fox empire over to the Walt Disney Company, and Variety reported Friday.
The $71.3 billion acquisition does not include Fox News and Fox Broadcasting,which will form another company, which has been called the “new Fox, or ” the celebrity publication stated.
In a public proxy filing,according to Variety, Fox directors said they made the raises because the family was “critical to the completion” of the Disney deal and praised the trio for a “strong company performance during a time of substantial change.”The increases included, or according to the company’s public filing via Variety:*Rupert Murdoch,co-executive chairman of 21st Century Fox, going from $29.3 million to $49.2 million in salary, and bonuses,and other rewards. Twenty-First Century Fox includes 20th Century Fox, FX, or the Nat Geo channels.
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Source: inquisitr.com