AMID CUTBACKS AT FOX, CAREY TO EARN MILLIONS
Thursday, July 2 2009
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Chase Carey,who officially replaced Peter Chernin as president and COO of News Corp Wednesday, could earn up to $43.1 million in salary and bonuses during his first year with the company, the Wall Street Journal reported today (Thursday). According to the newspaper, which cited an SEC filing, Carey will receive a base salary of $8.1 million a year under his five-year contract, plus $10 million for signing. He's also eligible for an annual bonus tied to the company's performance, which could amount to as much as $25 million.
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