New BBC chairman orders cut to highly paid executives

The new BBC chairman Lord Patten believes some of the Corporation’s executives remain too highly paid.

He told Radio 4’s Today programme that about a quarter of senior executives would lose their jobs as the Beeb seeks to make massive savings. Around 16 per cent of cuts are being made over the next four years and although Patten hopes to avoid cutting services “we can’t avoid making tough choices”.

Patten also said it could live with the “talent drain” that has seen many leave for commercial rivals willing to pay higher wages. The BBC has to spend the licence fee responsibly and remember that it doesn’t have to “flog ads and subscriptions up and down the street”.

He stressed that the BBC would continue to “discover, train and employ [talent]”. And if then they are “snapped up by competitors [the BBC] shouldn’t feel to bad about that”.

(Source: MediaGuardian)

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