David B.  Pitofsky net worth and biography

David Pitofsky Biography and Net Worth

General Counsel of News

David B. Pitofsky is Executive Vice President, General Counsel and Chief Compliance Officer of News Corp.

As General Counsel, Mr. Pitofsky oversees global legal operations including litigation, mergers and acquisitions, ethics and corporate governance matters. As Chief Compliance Officer, he chairs the Company’s Compliance Steering Committee. He joined News Corp. in 2013 as Deputy General Counsel and Deputy Chief Compliance Officer.

Mr. Pitofsky previously held the position of partner at Goodwin Procter LLP. In his eight years at Goodwin Procter, Mr. Pitofsky’s litigation practice focused on white collar defense, government and internal investigations, and securities litigation and enforcement. His high-profile matters included representing a former Big 4 accounting partner who was acquitted at trial in what was then billed as the largest tax fraud case in U.S. history. He also represented Kenneth R. Feinberg in his role as Claims Administrator for the Gulf Coast Claims Facility, which was established in the aftermath of the Deepwater Horizon incident.

From 1996 to 2005, Mr. Pitofsky was an Assistant U.S. Attorney in the Eastern District of New York, rising to the level of Deputy Chief of the Criminal Division. While in that office, he spearheaded the prosecution of a national computer software company and several of its senior executives for securities fraud and obstruction of justice, which resulted in convictions and a precedent-setting deferred prosecution agreement. Mr. Pitofsky was invited to make a presentation regarding the case to the President’s Corporate Fraud Task Force.

Mr. Pitofsky is a member of the Board of Directors and Executive Committee of the New York Lawyers for the Public Interest and Chair of its Nominating and Governance Committee, a member of the Executive Committee of the Federal Bar Council, and an officer of the Federal Bar Foundation.  In June 2015, he was recognized on the “Attorneys Who Matter” list by Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practice. In May 2017, Mr. Pitofsky received the George A. Katz Torch of Learning Award from The American Friends of Hebrew University.

Mr. Pitofsky is a graduate of the University of Michigan, where he graduated with High Honors, and Georgetown University Law Center, where he was an Executive Editor of the Georgetown Journal of Legal Ethics. He is a member of the New York Bar.

Mr. Pitofsky is married to Trena Keating and has three sons. He is a contributing writer for The Times Literary Supplement.

What is David B. Pitofsky's net worth?

The estimated net worth of David B. Pitofsky is at least $2.00 million as of August 15th, 2023. Mr. Pitofsky owns 83,291 shares of News stock worth more than $2,001,483 as of April 19th. This net worth evaluation does not reflect any other assets that Mr. Pitofsky may own. Additionally, Mr. Pitofsky receives a salary of $2,760,000.00 as General Counsel at News. Learn More about David B. Pitofsky's net worth.

How old is David B. Pitofsky?

Mr. Pitofsky is currently 59 years old. There are 4 older executives and no younger executives at News. The oldest executive at News is Mr. David L. Kline, Executive VP & CTO, who is 66 years old. Learn More on David B. Pitofsky's age.

What is David B. Pitofsky's salary?

As the General Counsel of News Co., Mr. Pitofsky earns $2,760,000.00 per year. There are 2 executives that earn more than Mr. Pitofsky. The highest earning executive at News is Mr. Robert J. Thomson, CEO & Director, who commands a salary of $8,900,000.00 per year. Learn More on David B. Pitofsky's salary.

How do I contact David B. Pitofsky?

The corporate mailing address for Mr. Pitofsky and other News executives is 1211 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. News can also be reached via phone at (212) 416-3400 and via email at [email protected]. Learn More on David B. Pitofsky's contact information.

Has David B. Pitofsky been buying or selling shares of News?

David B. Pitofsky has not been actively trading shares of News over the course of the past ninety days. Most recently, David B. Pitofsky sold 58,000 shares of the business's stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $20.98, for a transaction totalling $1,216,840.00. Following the completion of the sale, the general counsel now directly owns 83,291 shares of the company's stock, valued at $1,747,445.18. Learn More on David B. Pitofsky's trading history.

Are insiders buying or selling shares of News?

In the last year, insiders at the sold shares 3 times. They sold a total of 251,966 shares worth more than $5,285,379.96. The most recent insider tranaction occured on August, 15th when General Counsel David B Pitofsky sold 58,000 shares worth more than $1,216,840.00. Insiders at News own 13.6% of the company. Learn More about insider trades at News.

Information on this page was last updated on 8/15/2023.

David B. Pitofsky Insider Trading History at News

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
8/15/2023Sell58,000$20.98$1,216,840.0083,291View SEC Filing Icon  
3/3/2023Sell23,750$17.23$409,212.5063,956View SEC Filing Icon  
8/15/2022Sell82,028$18.73$1,536,384.4487,706View SEC Filing Icon  
See Full Table

David B. Pitofsky Buying and Selling Activity at News

This chart shows David B Pitofsky's buying and selling at News by year and by quarter.

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News Company Overview

News logo
News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The company distributes content and data products, including The Wall Street Journal, Barron's, MarketWatch, Investor's Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, and OPIS through various media channels, such as newspapers, newswires, websites, mobile apps, newsletters, magazines, proprietary databases, live journalism, video, and podcasts. It also owns and operates Monday to Friday, Saturday and Sunday, weekly, and bi-weekly newspapers comprising The Australian, The Weekend Australian, The Daily Telegraph, The Sunday Telegraph, Herald Sun, Sunday Herald Sun, The Courier Mail, The Sunday Mail, The Advertiser, Sunday Mail, The Sun, The Sun on Sunday, The Times, The Sunday Times, and New York Post, as well as digital mastheads and other websites. In addition, the company publishes general fiction, nonfiction, children's, and religious books; provides sports, entertainment, and news services to pay-TV and streaming subscribers, and other commercial licensees through satellite and internet distribution; and broadcasts rights to live sporting events. Further, it offers property and property-related advertising and services on its websites and mobile applications; digital real estate services; and financial services. News Corporation was founded in 2012 and is headquartered in New York, New York.
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Today's Range

Now: $24.03
Low: $23.95
High: $24.11

50 Day Range

MA: $25.83
Low: $24.03
High: $26.88

2 Week Range

Now: $24.03
Low: $16.35
High: $28.00

Volume

753,387 shs

Average Volume

2,770,453 shs

Market Capitalization

$13.72 billion

P/E Ratio

60.08

Dividend Yield

0.83%

Beta

1.33