The executives from BBC are not going to be able to receive six-figure ‘golden goodbyes’ under a blitz on big pay-offs.

The Corporation agreed that no one who quits or is dismissed will have the opportunity to get more than £95,000 – being finally brought in line with the public sector.

The ‘golden-goodbyes’ have been disputed ever since George Entwistle, the former director-general of BBC, received a huge £450,000 pay-off back in 2012 only after 54 days doing the job.
This emerged when Karen Bradley, the new Culture Secretary, made the plans for the latest BBC Royal Charter public. They include:

  • Making it compulsory for BBC to say the name of more than 100 stars that make more than £150,000 per year
  • The National Audit Office will be put in charge of scrutinizing the  accounts of BBC
  • The chairman of the BBC Board to be named trough a contest

Howls of protest were triggered from the BBC, especially the requirement to say the name of the stars who earn more than £150,000 per year.
When David Cameron was in the government, the bar was set at £450,000.

The Corporation will have to make its books open to the NAO, the watchdog that scrutinizes the accounts of the Government.

The corporation’s finances were dealt by the BBC Trust for years and by a commercial auditor, recently, called Ernst and Young.

The NAO, that has a name in being extremely critical of the Whitehall waste will have branch and root oversight on spending, this includes the BBC long relieved commercial arm.