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Conde Nast Closing 'Portfolio'
Apr 27 200910:02 am EDT -
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WSJ-ers Cast Green Eye on Murdoch's Millions
For a staff that's supposedly utterly demoralized, those Wall Street Journal folks have sure been acting feisty. Today, the paper's Marketbeat blog takes a look at executive compensation -- specifically, the executives at News Corp., the Journal's brand-new owner.
It turns out chairman Rupert Murdoch received about $32.1 million in compensation for the year ending June 30, while president Peter Chernin got $34 million. Murdoch's compensation included $337,427 worth of personal travel on corporate jets; the aging mogul "is required to use company aircraft for safety reasons."
The Marketbeat item was triggered by the filing of a proxy statement, so it's only an amusing coincidence that it comes just as the Journal's union is mounting a campaign for higher pay with Murdoch's face and the slogan "Show Us The Money."
