Fox’s senior executive team, including co-chairman Rupert Murdoch and CEO Lachlan Murdoch, will forgo their salaries while other senior-level members will take 50% pay cuts as the company weathers the coronavirus.
Both Murdochs, as well as other executive officers COO John Nallen, chief legal and policy officer Viet Dinh and CFO Steve Tomsic, will not take a salary through September 30, while Lachlan Murdoch’s direct-report executive team, including Fox News CEO Suzanne Scott, will reduce their salaries by 50% through the same period. From May 1st through July 31st, 2020, executives at the VP level and above will reduce their salaries by 15%.