Fox Corp. Board Ups CEO Lachlan Murdoch’s Annual Bonus And Equity Award, Extends Contract Through 2030
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- Fox Corp. board extended CEO Lachlan Murdoch’s employment agreement through 2030, per an SEC filing.
- Murdoch’s target annual bonus will rise to $9 million and his target annual equity award to $20 million beginning July 1.
- Murdoch’s total compensation for fiscal 2025 increased to $33 million from $23.8 million the prior year, while his base salary stayed at $3 million.
- Steve Tomsic had his employment agreement extended through 2030, with his target annual bonus set at $3 million and equity award at $4 million; it will climb to $3.5 million in 2028.
- Rupert Murdoch’s settlement with his children, which saw James, Elisabeth and Prudence cut ties with the family media empire, reinforced Lachlan Murdoch’s position as heir apparent.
- Murdoch recused himself from all discussions and votes on his employment term extension and compensation adjustments.
Why it matters: The extension locks in Murdoch’s leadership and raises his pay package, giving Fox Corp a stable helm as the family settles internal disputes, while shareholders gain continuity and the board avoids a leadership vacuum, reinforcing governance after a high‑profile settlement.
