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MUMBAI:
James Murdoch, News Corp's new head of Asian and European
operations and son of chairman Rupert Murdoch, could pick
up $20 million as his pay for the first year. This includes
a base salary of $3.4 million and another $16 million in annual
bonuses as part of his promotion.
As
per a US regulatory filing, James Murdoch's pay in his new
job would amount to the $3.4 million base salary, a cash bonus
of up to $3.4 million (75-100 per cent of base salary) based
on the performance of his operating divisions, and a cash
and stock bonus of up to $12.5 million based on News Corp's
earnings.
James
Murdoch's bonus depends on the performance of News Corp's
Europe and Asia businesses, which include Asia's Star TV,
pay-TV network Sky Italia, and UK newspaper arm News International.
In
December last year, James Murdoch was appointed chairman and
CEO of News Corp's operations in Asia and Europe. His appointment
was widely seen as a move to position him as successor of
his father at the company.
Before
joining News Corp, James Murdoch was serving as CEO of British
Sky Broadcasting Group, the United Kingdom satellite-television
company in which News Corp. has a large stake.
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