Redundancy payments for Olympic executives cost £2.8m

Dennis Hone Chief executive Dennis Hone was hired after his redundancy from his previous job

Related Stories

The financial reports of the Olympic Delivery Authority (ODA) show 144 officials were paid a share of more than £2m ahead of the authority winding down in 2014.

Exit payments, to staff on permanent contracts, cost £2.8m in 2012-13, the Annual Report and Accounts said.

Chief executive Dennis Hone was paid £80,000 with £373,000 for his pension.

An ODA spokesman said hiring the best people required many to give up secure long-term jobs elsewhere.

'Tough criteria'

The financial reports note that the chief executive was entitled to receive statutory redundancy pay and a terminal bonus equivalent to 60% of his salary as part of his employment rights.

It said: "The Remuneration Committee decided to award a terminal bonus of 49% of his salary and to defer 50% of the bonus until the successful completion of the sale of East Village to QDD."

Executive Board Exit Payments

  • Dennis Hone £80,000
  • Wendy Cartwright £36,000
  • Hugh Sumner £73,000
  • Simon Wright £72,000

Source: ODA Annual Reports and Accounts

Mr Hone was hired shortly after his redundancy as chief executive of the London Legacy Development Corporation.

An ODA spokesman said London 2012 had been a "unique and challenging project and a great British success story".

He said: "We needed to recruit and pay for the best talent from the private and public sectors, requiring people in many cases to give up secure long-term jobs elsewhere, with no certainty of the project's success or getting a job after the Games.

"The exit payments for staff other than Dennis Hone comprise only - and are limited to - statutory redundancy pay, any leave they were unable to take before their employment ended, and, where appropriate, payment in lieu of notice.

"Like other staff, Dennis Hone received performance related pay, but this was far from guaranteed and was measured against tough performance criteria."

A spokesman added that the staff were employed on permanent contracts because it was not known for how long after the Games their services would be needed - and so a fixed-term contract could not be issued.

On Friday, a report for the UK Trade and Investment department suggested the Olympics resulted in a £9.9bn boost for the economy.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

Weather

London

20 °C 12 °C

BBC Local Live

  1.  
    News on the hour 09:57: BBC London 94.9 Radio

    Our top story this hour: Police and the intelligence services are trying to identify the suspected British Islamic fighter who murdered an American journalist.

    Hear the views of former Secretary-General of the Muslim Council of Britain, Sir Iqbal Sacranie, on the current approach to preventing extremism, in the 1000 bulletin.

     
  2.  
    Couple rescued 09:50:

    A couple from London have been rescued after they were stranded on a north Wales island.

    Couple being rescued

    The pair became marooned on Ballast Island, Gwynedd, yesterday at about 17:00.

     
  3.  
    Third defeat for Fulham 09:41:

    Fulham suffered a third straight defeat since being relegated from the Premier League after Bakary Sako's goal earned Wolves victory at Craven Cottage.

    Sako struck after the Cottagers failed to deal with a first-half corner - the former France Under-21 international firing into the bottom corner.

     
  4.  
    Fly-tipping in Croydon 09:31:

    Travellers have left a "colossal" amount of fly-tipping on a third Croydon playing field in less than a fortnight, claims the Croydon Advertiser.

     
  5.  
    Olympics' architect to get honorary degree 09:20:

    Award-winning architect Dame Zaha Hadid is to receive an Honorary Degree from Goldsmiths, University of London in September.

    Dame Zaha designed the Aquatics Centre at the London 2012 Olympics site.

     
  6.  
    Hospital 'must improve' 09:09:

    Emergency and end-of-life care need to be improved at the North Middlesex University Hospital, the Care Quality Commission has said.

    North Middlesex University Hospital North Middlesex University Hospital will be unable to get foundation status until its grade improves

    It rated the hospital as "requires improvement" but praised its surgery, children's and maternity care. The hospital's trust welcomed the report, saying it had just been through a period of "massive change".

     
  7.  
    News on the hour 08:58: BBC London 94.9 Radio

    Figures released today show violent offences committed on the London Tube and the DLR has gone up almost 10% compared to a year ago.

    British Transport Police Chief Constable Paul Crowther gives his verdict in the 0900 bulletin.

     
  8.  
    On air 08:49: Vanessa Feltz Presenter, BBC London 94.9

    The United States says it tried and failed to rescue the murdered American journalist James Foley. British intelligence services are working to identify his killer, who spoke with an English accent.

    I'll have more from 09:00.

     
  9.  
    Crystal Palace successor 08:40:

    Malky Mackay is no longer in contention to succeed Tony Pulis as Crystal Palace boss after misconduct allegations were made by his former club, Cardiff City.

    Malky Mackay Malky Mackay is out of contention after misconduct allegations

    The Welsh club have sent a dossier to the Football Association outlining their claims against the Scot.

     
  10.  
    Signal failures 08:32:

    There are severe delays on London Overground on routes to Stratford, Richmond and Clapham Junction because of an earlier signal failure at Gunnersbury.

    There are problems on the Tube too following a signal failure at Rayners Lane. Piccadilly Line has minor delays between Acton Town and Uxbridge while the Metropolitan Line also has minor delays between Harrow on the Hill and Uxbridge.

     
  11.  
    Roads closed 08:23:

    In Southall, the A4020 Uxbridge Road remains closed between Woodlands Road and Townsend Road while police investigate a fatal stabbing.

    In the A503 Seven Sisters Road remains closed southbound from St Ann's Road to Amhurst Park for ongoing repairs to a water main. Get the latest travel information on BBC London Travel News or on Twitter @BBCTravelAlert.

     
  12.  
    Top stories
     
  13.  
    Dry and cool day 08:09:

    A fine, dry and cool start to the day, with plenty of sunshine.

    But cloud will push in from the north-west during the afternoon and evening with the possibility of the odd shower tonight. Highs of 19C (66F).

    BBC London weather
     
  14.  
    08:00: Rebecca Cafe BBC News

    Good morning, I'll be bringing you all the latest news, sport, travel and weather from London today for BBC Local Live.

    You can also send your news, pictures and comments to locallive@bbc.co.uk.

     

Features

  • Baby being handed overFraught world

    The legal confusion over UK surrogate births


  • Bad resultsBlame game

    The best excuses to use when exam results don't make the grade


  • Welsh flagDragon's den

    Why Wales will make its own mind up on independence


  • Police respond to a shooting in Santa MonicaTrigger decision

    What really happens before a police officer fires his gun?


Elsewhere on BBC News

  • Pulling a pint in MauritiusThe beer hunter

    One man's quest to bring artisan beer to the island of Mauritius

Programmes

  • Traffic lightsClick Watch

    From hacking cars to traffic lights - behind the scenes at a cyber-security conference

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.