Peter Chernin, president of Fox parent News Corp., would be owed about $40 million in deferred pay and pension funds as well as other perks if he were to leave the company after his contract runs out in June, Business Week reports. In addition to the pay, Chernin’s agreement includes an obligation for News Corp. to buy at least two films a year from him as well as use of the company car and airplane, the magazine says.
—Danny King