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Murdoch jnr picks up £1.2m bonus from BSkyB
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<blockquote data-quote="gameboy" data-source="post: 135209" data-attributes="member: 177511"><p>BSKYB chief executive James Murdoch was awarded a £1.2 million bonus for his first full year at the pay TV giant - just shy of the maximum possible pay-out of £1.5m.</p><p></p><p>The 32-year-old, the youngest leader of a FTSE 100 company, pocketed a total of £2.22m for the year - including salary, bonuses and pension contributions. His basic salary was £750,000, with an added bonus of between £1m and £1.5m to be awarded if "performance targets are met".</p><p></p><p>The total sum was 32 per cent higher than the £1.48m he earned the previous year, although that was for just seven months work. On a monthly basis, he made more in 2003-4 than in the last financial year - £211,000 compared with £185,000.</p><p></p><p>Murdoch is the son of BSkyB chairman Rupert - the media mogul and founder of Newscorp. He was tipped as the most likely successor to the overall empire - which includes the Sun and 20th Century Fox - following the resignation of elder brother Lachlan earlier in the year.</p><p></p><p>He was appointed to the top job at Sky amid allegations of nepotism in November 2003. The group has since seen a sharp rise in subscribers, but the shares have fallen from 775p in February 2004 to last night's close of 540.5p - around 30 per cent.</p><p></p><p>Details of Murdoch's pay are revealed in BSkyB's annual report, published on the group's website yesterday. Rupert - a multi-billionaire - saw his wage fall from £48,000 to £45,000.</p><p></p><p>Source: Scotsman</p></blockquote><p></p>
[QUOTE="gameboy, post: 135209, member: 177511"] BSKYB chief executive James Murdoch was awarded a £1.2 million bonus for his first full year at the pay TV giant - just shy of the maximum possible pay-out of £1.5m. The 32-year-old, the youngest leader of a FTSE 100 company, pocketed a total of £2.22m for the year - including salary, bonuses and pension contributions. His basic salary was £750,000, with an added bonus of between £1m and £1.5m to be awarded if "performance targets are met". The total sum was 32 per cent higher than the £1.48m he earned the previous year, although that was for just seven months work. On a monthly basis, he made more in 2003-4 than in the last financial year - £211,000 compared with £185,000. Murdoch is the son of BSkyB chairman Rupert - the media mogul and founder of Newscorp. He was tipped as the most likely successor to the overall empire - which includes the Sun and 20th Century Fox - following the resignation of elder brother Lachlan earlier in the year. He was appointed to the top job at Sky amid allegations of nepotism in November 2003. The group has since seen a sharp rise in subscribers, but the shares have fallen from 775p in February 2004 to last night's close of 540.5p - around 30 per cent. Details of Murdoch's pay are revealed in BSkyB's annual report, published on the group's website yesterday. Rupert - a multi-billionaire - saw his wage fall from £48,000 to £45,000. Source: Scotsman [/QUOTE]
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