Some members of the British Parliament questioned whether News Corp. Chief Executive Rupert Murdoch was fit to lead his sprawling media company in the aftermath of the continuing phone-hacking scandal in London. But News Corp. directors felt differently, bestowing Murdoch with a $30-million compensation package in the company's 2012 fiscal year.
The amount, however, represented a cut of nearly 10%, or $3 million, from Murdoch's fiscal 2011 compensation of $33.3 million, according to regulatory filings Tuesday.
The media baron's 39-year-old son, James Murdoch, who stepped down from his role leading the company's publishing division in Britain, received compensation of $16.8 million in fiscal 2012, which ended June 30. A year earlier, Murdoch returned his $6-million bonus during the controversy and accepted $11.9 million in compensation.
News Corp. changed its formula for calculating its stock-awards program, contributing to lower total compensation for several executives.
The company's No. 2 executive, Chief Operating Officer Chase Carey, was paid $24.8 million in fiscal 2012. That represented a nearly 18% reduction from Carey's previous year's compensation of $30.15 million.