Wednesday, September 25, 2013

Twas ever thus...

I'm grateful to a Facebook friend for reminding me of how John Birt left the BBC. Greg Dyke had already been appointed to replace him, and Birt reached agreement with the Governors, led by Sir Christopher Bland, to leave two months before the end of the financial year, 2000. For this, he received a termination payment of £328k, "calculated in line with BBC policy for all staff", which had us all snorting at the time. His pension pot was enhanced by £489k (to deliver a pension of £130k p.a.), and there was a further money purchase of £50k. In all, £867,000 to go.

Using the Bank of England inflation calculator from 2000 to 2012, equivalent to £1,248,671.62p.

(Birt's salary for his final ten months in post was £276k, and he received a bonus payment so £159k, and benefits of £21k).

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