BBC $38 Million Payoffs to Managers Were Excessive, Auditor Says
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The British Broadcasting Corp., the U.K.’s publicly funded television and radio service, broke rules on severance payments in spending 25 million pounds ($38 million) over three years to cut top jobs, according to the government’s spending watchdog.
The BBC paid some managers more than they were entitled to let the broadcaster keep consulting them afterward or ensure they left quickly, the National Audit Office said in a report published in London today. The BBC handed out 150 severance packages in three years through December 2012.