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Reports have surfaced that former chief executive of News Corp.’s (NASDAQ:NWS) (NYSE:NWSA) News International Rebekah Brooks received a staggeringly high pay-off following her resignation amidst charges of phone-hacking last year.
It turns out that Brooks’s payment – initially believed to be 1.2 million pounds – was actually in excess of 7 million pounds, and included cash payouts, pension payments, and an allowance for legal dues. She was even granted continued use of a chauffeur-driven car.
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Brooks is currently slated to stand trial next year on multiple charges related to last year’s infamous phone-hacking scandal. Brooks left News International after rumors of the scandal spread, ending a 20-plus year career with Rupert Murdoch’s British newspaper organization. She was previously an editor of two of Murdoch’s newspapers before assuming her executive role with News International.
Details on the specifics of the exorbitant pay-off come just one day before News Corp.’s annual general meeting in Los Angeles.
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