Rupert Murdoch, News Corp. Get In on The Pay-for-Performance Trend
Well, it’s not just the journalists, art department, editors and copy editors facing disappointments in the media industry. Even Rupert Murdoch, himself must face the consequences of the sinking stock price for News Corp. over the past five years.
According to a new report by Bloomberg, News Corp. has changed the pay structures for top executives, tying salaries to performance. Of course, the top executives pay change seems minimal, but it’s significantly based on bonuses.
This change in pay structure comes in response to a 16 percent drop in News Corp.’s
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