Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

New York Post gives Rupert Murdoch's departing son an $18 million goodbye

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
 
Bush_Eats_Beef Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-05 09:03 AM
Original message
New York Post gives Rupert Murdoch's departing son an $18 million goodbye
http://www.nydailynews.com/news/gossip/story/334309p-285617c.html

The New York Post may be losing up to $70 million a year, but its ex-publisher, Lachlan Murdoch, is walking away with a big wad of cash.

Rupert Murdoch's son, who abruptly quit the money-bleeding tabloid and its parent company News Corp. last week, is eligible for a "separation cash payment" that could hit nearly $9 million, according to papers the company filed with the Securities and Exchange Commission yesterday.

That megapayday would come on top of Lachlan's fiscal 2005 salary and bonus - which could be as much as another $9 million, papers say. That's a cool $18 million for bailing out of the hemorrhaging Post.

A fed-up Lachlan is returning to Australia after being second-guessed at his dad's media empire and reportedly feuding with his father over the family's $6.1 billion trust.
Printer Friendly | Permalink |  | Top
kerry-is-my-prez Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-05 01:57 PM
Response to Original message
1. hmmmm. he must be a sensible guy if he was disagreeing with them....
either that or he was even crazier than his father.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Dec 26th 2024, 05:36 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC