Fox Corporation
Media
Founded in 2019 following Disney's acquisition of several assets from 21st Century Fox. The remainder of the company became Fox Corporation. Controlled by the Murdoch family.

Overall

Owned USA
Rating F
About the Ratings
Fox Corporation
USA

Company Assessment

Fox Corporation
Praise
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of B.
Source: CDP (2023)
Criticism
This company received an S&P Global ESG Score of 17/100 in the Media, Movies & Entertainment category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 19 May 2023). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
In 2023 Fox Corporation agreed to pay US$787.5 million to Dominion Voting Systems to settle litigation alleging that Fox News Network and its commentators promoted the lie that Dominion's voting machines were part of a conspiracy to steal votes from Donald Trump in the 2020 Presidential election.
As You Sow's 2022 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). This company's CEO, Lachlan Murdoch came in at number 24 on the list, having been paid US$29,154,460 in 2021. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
Information
In 2022 the median pay for a worker at this company was US$91,803. The CEO was paid 237 times this amount. Exorbitant CEO pay is a major contributor to rising inequality. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. The economy would suffer no harm if CEOs were paid less (or taxed more). In contrast, the CEO-to-typical-worker compensation ratio was 20-to-1 in 1965 and 58-to-1 in 1989.
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.

Company Details

Type:
Public company
Founded:
2019
Revenue:
14 billion USD (2022)
Employees:
9,000 (2020)

Contact Details

Address:
New York, USA
Website:
www.foxcorporation.com

Products / Brands

Fox Corporation