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News Corp. Moves Executive Pay to Performance Bonuses

News Corp., owner of the Wall Street Journal, shifted compensation for top executives including Chairman Rupert Murdoch to more performance-based bonuses after its stock trailed the market in the past five years.

Chief Operating Officer Chase Carey, Chief Financial Officer David DeVoe and James Murdoch, the CEO of Europe and Asia, will have their pay more closely tied to financial and operating goals, New York-based News Corp. said today in a U.S. regulatory filing. They’ll be eligible for stock awards based on three-year objectives.