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CHIEFS' HUGE PENSIONS.


TWO BBC BBC
 in full British Broadcasting Corp.

Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927.
 bosses could get the biggest pensions in the public sector, it was claimed yesterday.

A newspaper alleged deputy director Mark Byford Mark Byford (born June 13 1958) is Deputy Director General of the BBC and head of all its journalism. As Chair of the BBC’s Journalism Board, he has overall responsibility for the world’s largest and most trusted news organisation providing extensive news and  would get a pension of pounds 7.7million and creative director Alan Yentob pounds 6.3m.

Until now it was thought Bank of England Bank of England, central bank and note-issuing institution of Great Britain. Popularly known as the Old Lady of Threadneedle Street, its main office stands on the street of that name in London.  governor Mervyn King had the largest public-sector pension, at pounds 5.7m.

The figures, by financial services group Hargreaves Lansdown, were denied by the BBC. The corporation stated earlier would mean an annual pension of pounds 229,500 Byford this year that Mr Byford, 51, is in line to get a pension of around pounds 2.7m, but this figure will rise if he continues to work until he is 65 on a salary of pounds 459,000.

A pounds 7.7m pension would mean Mr Byford would receive an annual pension of pounds 229,500. If Mr Yentob, 62, were to have a pounds 6.3m pension he would be paid pounds 216,667 annually.

The BBC said yesterday: "We strongly dispute this story, and the figures used are a distortion of the facts. Any suggestion that licence fee payers would have to pay these sums is simply untrue."

Liberal Democrat Treasury spokesman Vince Cable said: "Taxpayers can't afford lavish pensions for executives who are already extremely well paid."

pounds 7.7m would mean an annual pension of pounds 229,500 for Byford

pounds 6.3m would mean an annual pension of pounds 216,667 for Yentob
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Publication:The Mirror (London, England)
Date:Jul 6, 2009
Words:245
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