Thursday, August 04, 2005

Rupe son gets 18M goodbye

Rupe son gets 18M goodbye

From the article:
    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.


At 7:35 PM, Blogger Mike said...

no effort to make money
is easy. no effort to make money


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