Date: 5th October 2000

Chernin Wins Lottery-Sized Reward


Meanwhile, today's Wall Street Journal reports that Chernin received stock options worth $52.7 million as a reward for the company's recent financial performance. Chernin also received salary and bonuses totaling $11.9 million.

News Corp also awarded chairman Rupert Murdoch stock options valued at $35.3 million on top of his salary of $6.5 million, the WSJ said, citing News Corp's annual SEC report. Lachlan Murdoch, it further noted, received stock options valued at $9 million plus salary and bonuses of $1.5 million.

Source: Studio Briefing