Wapping payouts: £8.5m for departing executives

 

Five days after the News of the World rolled off the presses for the last time, Rebekah Brooks, the chief executive of its publisher News International, walked out of the company with a severance package estimated by senior colleagues at £3.5m.

Her departure follows that of the final editor of the NOTW, Colin Myler, who is understood to be in line for a £2m pay-off, and two of the company's senior lawyers, Jon Chapman and Tom Crone, who will each get about £1.5m.

Brooks' resignation was followed last night by that of Les Hinton, chief executive of Dow Jones, the US branch of Rupert Murdoch's empire which publishes the prized Wall Street Journal, as the media mogul lost two trusted lieutenants in a single day. Mr Hinton's payout will further add to News Corp's bills.

The settlements with senior Murdoch executives will include strict gagging orders to stop them discussing company affairs outside the judge-led public inquiry or criminal proceedings.

The pay-offs contrast with the treatment of nearly 200 lower-ranking workers at the NOTW waiting to hear if they will be made redundant. A leaked email reveals police are effectively treating the paper's newsroom as a crime scene and forbidding any access to former staff "even under escort".

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in