We know New York’s an expensive place to live, but this is ridiculous. Rupert Murdoch, the CEO of News Corp., who was paid $25.7 million in salary and bonus last year, also had the company pay his $50,000 a month rent on a penthouse apartment in a Trump building on Park Avenue. He needs the place because his new penthouse is being renovated. (The penthouse, acquired for $44 million from Laurance S. Rockefeller, apparently wasn’t up to Rupert’s standards.) Other CEOs, it turns out, get similar perks.
It boggles to mind to think how the News Corp. directors could approve such a deal.