London Olympics staff get £2.8m golden goodbye
More than £2.8m was paid to officials at the Olympic Delivery Authority (ODA) in the form of exit payments in 2012-13.
One hundred and forty-four staff were given redundancy payments after being given permanent contracts, despite the authority winding down in 2014.
Dennis Hone, the ODA’s chief executive, who was made redundant at the end of March, was paid an exit payment of £80,000, as well as a pension of £373,000.
The ODA’s Annual Report and Accounts said that Mr Hone, now chief executive of the London Legacy Development Corporation, was entitled to statutory redundancy pay and a terminal bonus equivalent to 60 per cent of his salary.
It said: “The Remuneration Committee decided to award a terminal bonus of 49 per cent of his salary and to defer 50 per cent of the bonus until the successful completion of the sale of East Village to QDD.”
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The ODA’s director of transport, Hugh Sumner, also received £73,000 in exit payments, while director of venues and infrastructure Simon Wright received £72,000.
An ODA spokesman said: “The exit payments for staff other than our former chief executive, Dennis Hone, 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.
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“We had to adopt a flexible approach to managing staff contracts to ensure that key people, especially directors, remained with the project throughout periods critical to its success, until such time as the ODA could be certain that their skills and knowledge were no longer required. Our staff delivered this huge project on time and under budget - in fact making savings of over £1bn for the public purse.
“Like other staff, Dennis Hone received performance-related pay, but this was far from guaranteed and was measured against tough performance criteria, evaluated personally and in relation to the organisation he successfully led in the critical 18 months up to the Games, during London 2012 and immediately after.
“Pension payments made in relation to Dennis Hone were legal and contractual obligations under the scheme of which he was a member throughout his employment at the ODA.”