Current Washington Post editor Marcus Brauchli exited his one-year stint as managing editor of the WSJ with $6.4 million, Politico says, citing a new book about News Corp.’s purchase of the newspaper’s parent, Dow Jones (NYSE: NWS), a little more than two years ago.
Brauchli left four months into News Corp.’s ownership of Dow Jones. The forthcoming book, War At The Wall St. Journal by Sarah Ellison, says that he was due at least $3 million as part of an existing severance deal. Somehow, Brauchli’s lawyer Bob Barnett, was able to net his client an additional $3.4 million from News Corp.
While $6.4 million is certainly an impressive take for a managing editor, even one at the WSJ, it still pales in comparison to the $20 million former Dow Jones CEO Rich Zannino left with.