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James Murdoch

James and Lachlan Murdoch get new contracts; Chase Carey to get $20 million consulting fee

James and Lachlan Murdoch get new contracts; Chase Carey to get $20 million consulting fee

Rupert Murdoch's sons, James and Lachlan Murdoch, have received new four-year contracts as part of their promotions at 21st Century Fox with compensation that could reach $27 million a year for each of them, according to a regulatory filing. In addition, Chase Carey, who has managed day-to-day operations of Rupert Murdoch's company since 2009, will be paid a $20-million-a-year consulting fee when he segues into a new role in July 2016. Carey vacated his chief operating officer position this month to make room for Murdoch's two sons, who eventually will run the company. Fox's regulatory filing on Friday clarified Carey's role and compensation. As part of the...

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