Doing OK, old sport.
/Trim the fat and cut the crap. Tough times demand an austerity Olympics
Brown was vociferous in attacking City bonuses. What about his Olympics gravy train? At the last count there were 200 officials in the Olympic Development Authority. The lowest-paid member of its management team is on £243,000, and the highest, David Higgins, £624,000.
They are apparently not up to the job and need a consultancy firm, CLM, with a further 300 staff, to help manage the project, at an astonishing fee of £400m over four years. This firm had the effrontery last year to charge (the taxpayer) a further £10m in staff bonuses on a project that has tripled in expense.
A quite separate body is the London Organising Committee of the Olympic Games, whose head is paid £557,000 and whose members get a reported £1,000 just for attending a meeting. How can Brown insult City bankers when allowing this sort of greed to continue?