News Corporation reworks its board


Rupert, Lachlan and James Murdoch aren’t going anywhere, but there are some changes being made to the News Corporation board of directors. The board elections are part of the annual shareholders meeting set for October 21st.

James W. Breyer, a partner in the venture capital firms Accel Partners, has been nominated to join the board as a new member. He’s already a director at Wal-Mart and Dell and used to serve on the Marvel Entertainment board before it was acquired by Disney.

Leaving the News Corp. board are Kenneth E. Crowley, who had been a News Corp. employee back in the 1960s and a member of the board since 1979, and Thomas J. Perkins, a founding partner of the venture capital firm Kleiner Perkins Caufield & Byers. He told the Los Angeles Times he is stepping down because of his age, 79, although that’s a year younger than News Corp. CEO Rupert Murdoch.

Murdoch, by the way, was paid $33.9 million for the most recent fiscal year, up from $22.7 million the previous year. The main difference was getting a $12 million bonus, after having not receive a cash bonus the previous two years.

COO Chase Carey got nearly as much, $30.2 million, up from $26 million.