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Sunday, 16 February 2014

Actions speak louder than words at the BBC

The BBC paid a total of £2.6 million to 11 departing executives in the five months after Lord Hall of Birkenhead took over as the Director-General last year.  The former managers received more than the £150,000 cap that Lord Hall has imposed on redundancy payments after the disclosure that dozens of former senior managers had walked off with six-figure sums in recent years prompted allegations of cronyism and misuse of public money.

The latest payoffs, averaging £234,720, were made despite Lord Hall’s promises to crack down on big severance deals, because the departing executives had already been promised te generous payoffs.

So that's OK then.

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