James Murdoch Turns Down News Corp. Bonus - Broadcasting & Cable

James Murdoch Turns Down News Corp. Bonus

More fallout from phone-hacking scandal
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James Murdoch, caught in the phone-hacking scandal at News Corp.'s British paper News of the World, has turned down the bonus he was awarded by the company.

The son of company CEO Rupert Murdoch has been called back to testify in front of members of Parliament, who want more information from the Murdoch's after some of their earlier statements were called into question by former employees and newly discovered documents.

James Murdoch had been considered to be the family member most likely to succeed Rupert Murdoch in running News Corp., but his proximity to the scandal has called that into question.

In a statement released Friday, James Murdoch said he's declining the bonus because "while the financial and operating performance metrics on which the bonus decision was based are not associated with this matter, I feel that declining the bonus is the right thing to do."

He added that he will consult with the Compensation Committee in the future about whether any bonus may be appropriate at a later date.

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