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

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Bush_Eats_Beef Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-05 09:03 AM
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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.
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kerry-is-my-prez Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-05 01:57 PM
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1. hmmmm. he must be a sensible guy if he was disagreeing with them....
either that or he was even crazier than his father.
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