Cost of Moving

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Mark Thompson, the outgoing director general of the BBC, is to receive a USD 3m sign-on bonus when he takes over as chief executive of the New York Times Company in November, in a deal that could make him USD 6m in his first year. Thompson will receive an annual USD 1m (GBP 636,000) base salary from the New York Times, plus a potential USD 1m annual bonus. The USD 3m "golden hello" is made up of a USD 1.5m performance-based award of New York Times Company stock, plus USD 1.5m of stock options. He will also receive a further USD 3m bonus for meeting the company's long-term incentives, which will be paid out over three years from 2013. To help the cost of moving from north Oxford to New York, Thompson will get up to USD 100,000 in relocation fees. He will move with his US-born writer wife, Jane Blumberg, and three children. He is eligible for an additional USD 25,000 to cover any legal fees.

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His father-in-law graduated Yeshiva of Flatbush.

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