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Posted on September 4, 2011 | tags

 
 

Biz: James Murdoch turns down bonus; Rupert Murdoch takes his own

  • In light of the current controversy surrounding News of the World, I have declined the bonus that the company chose to award to me. While the financial and operating performance metrics on which the bonus decision was based are not associated with this matter, I feel that declining the bonus is the right thing to do.
  • James Murdoch • Explaining his reasons for not accepting a $6 million bonus from News Corp. in the wake of the News of the World scandal. Accepting the bonus would have increased his 2010 take-home pay by 74 percent. His dad Rupert, meanwhile, accepted a $12.5 million bonus of his own. Do you think James made the right move? And if so, should Rupert Murdoch have followed the same track? source