Dinh, one of the top executives at the Murdoch-controlled company, will become a special adviser.
“We appreciate Viet’s many contributions and service to Fox as both a board member of 21st Century Fox and in his role over the last five years as a valued member of Fox’s leadership team,” said Lachlan Murdoch, executive chair and CEO of Fox, in a statement. “We are grateful that he will continue to serve Fox as Special Advisor where we will benefit from his counsel.”
According to a securities filing, Dinh will receive a $23 million severance payment, and will be paid $5 million for a two-year term as a special adviser. According to a copy of the transition services agreement, Dinh “shall be available to provide assistance and advice to the Company Group related to all litigation ongoing as of the Commencement Date,” in his consulting role.
Dinh joined Fox in 2018, and helped lead the company as it sold off its entertainment assets to Disney the following year.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Fox Corp. Chief Legal And Policy Officer Viet Dinh To Leave Exec Post For Advisory RoleFox Corp. is parting ways with one of its key strategic and business leaders, Viet Dinh, a longtime consiglieri in the Murdoch empire. Dinh is leaving his post as Chief Legal and Policy Officer Vie…
Weiterlesen »
Fox Chief Legal Officer Viet Dinh to step down months after Dominion settlementThe departure comes in the months following Fox and its cable networks' $787.5 million settlement with Dominion Voting Systems to end the defamation lawsuit.
Weiterlesen »
Viet Dinh, Fox’s Influential General Counsel, To ExitViet Dinh, the influential general counsel of Fox Corp. who is believed to have played a significant role in the company’s failed legal strategy against a massive defamation suit filed agains…
Weiterlesen »
Fox Corp. Hits Quarterly Target Despite Advertising DipFox Corp. revenue stayed flat in the quarter ending June 30 compared with the year-earlier period, but it matched Wall Street analysts’ consensus estimate as earnings beat expectations. Earnings came in at 74 cents a share in the quarter ending June 30, topping analysts’ target of 72 cents and rising from 55 cents in the year-ago period. The revenue figure stayed flat with the 2022 quarter. Affiliate fee revenue climbed 3% from a year ago, paced by a 9% upswing in the Television division.
Weiterlesen »
Yellow Corp asset sale could surpass $1.4 bln - Fox BusinessTrucking company Yellow Corp's assets have attracted significant bidders and their sale could likely surpass the company's $1.4 billion in secured debt, Fox Business reported on Tuesday, citing people with direct knowledge of the matter.
Weiterlesen »
Viet Dinh, Fox's top legal officer and architect of Dominion Voting case defense, gets new roleFox Corp.'s Viet Dinh, leader of its defense in the Dominion Voting Systems case, will leave the position of chief legal officer but remain with the company.
Weiterlesen »