Fox Corp. chairman Rupert Murdoch and Fox Corp. CEO Lachlan Murdoch received significantly less in compensation in fiscal 2020 as compared to the year prior, earning $33.98 million and $29.15 million, respectively.
The lower compensation was revealed in a proxy filing Wednesday, and reflects the new corporate structure of Fox, as well as voluntary pay reductions due to the novel coronavirus pandemic.
In fiscal 2019, both Rupert and Lachlan Murdoch hadearned $42.1 million in compensation. Those pay packages included a portion of the year in which the Murdochs still controlled 21st Century Fox, which sold its entertainment assets to Disney in a deal that closed in March 2019.
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