Bill Shine, President Donald Trump‘s communications director, received a massive $8.5 million payout from Fox News after leaving the network last year, per financial disclosure forms.
CNBC first reported on Shine’s financial disclosure report, provided after requests to the Office of Government Ethics, which revealed the extent of his payout from Fox News parent company 21st Century Fox, which is expected to reach $15 million once the remainder of his package is paid out.
Shine, who resigned from the network in May 2017, nabbed $8.5 million in severance pay. His bonuses and options for the years 2018 and 2019 are worth around $3.5 million each. His salary at Fox News, per the reports, was just under $1.5 million.
A close ally of late Fox News chief Roger Ailes, Shine departed the network over his handling of sexual harassment cases. He was named in a series of lawsuits, though never accused of harassment himself.
More than a year after leaving Fox News, Shine joined the Trump administration in July as White House deputy chief of staff for communications.
Read the full report here.
[Photo by Alex Wong/Getty Images]
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