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| UPDATED: 2007-06-27 |
 MySpace Founders Ask News Corp For Another $50M 
By: Andy Beal 2007-06-27 How about some salary negotiation brinkmanship to start off your day? Better yet, how would you like the idea of getting paid $12.5 million a year? That's the amount that MySpace co-founders Chris DeWolfe and Tom Anderson are asking from Rupert Murdoch and corporate parent News Corp. According to Deadline Hollywood Daily, the social network creators have asked for a combined $50 million over 2-years, which would make them the highest paid execs at the company. They're asking Peter Chernin and Rupert Murdoch for a 2-year deal worth $50 million total. That comes out to $25 million each, or $12.5 million a year. Plus, the pair want a development fund of $15 million to invest in internet companies.Insiders say they have little chance of getting the amount they want and News Corp has reportedly countered with $7.5 million each a year for two years. Take the money! With Facebook nipping at their heals, a potential new boss (in Yahoo) and growth which is likely to slow (once you get to 80% share, there's little room to grow), I'd be inclined to take the money, ride out the next two years, then make my next move. Via Comments View All Articles by Andy Beal About the Author: Andy Beal is an internet marketing consultant and considered one of the world's most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian. You can read his internet marketing blog at Marketing Pilgrim and reach him at [email protected]. |
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