Sunday, November 23, 2014

DID BBC OVERSPEND TO GET RID OF “REDUNDANT” EXECS?

December 26, 2012 by · Leave a Comment 

Britain’s BBC is paying a lot of money to save money. That fact appeared evident from a report by the London Daily Telegraph detailing pay-outs to personnel who have volunteered to step down and those who have been made “redundant” by cost-saving measures that combined their work with others’. According to documents obtained by the newspaper under Freedom of Information laws, those payments more than doubled to £58 million ($94 million) between 2010 and 2011, with 14 departing executives receiving pay-offs of more than £300,000 ($484,000). The largest pay-off went to a former deputy director general who received £949,000 ($1.5 million). The Telegraph‘s investigation was touched off after it was revealed that George Entwistle had been persuaded to step down as director-general after being offered a golden parachute worth £450,000 ($725,000). Britain’s National Audit Office (NAO) said today that it will examine the pay-offs. In a statement the BBC said, “Work will begin on this as soon as possible and we will, as always, ensure the NAO are given full access to all the information they require to carry out this review.”