VANOC to pay own staff $30 million in bonuses after Winter Games

Misc CDN | 206710 hits | Oct 15 10:41 pm | Posted by: Hyack

VANCOUVER — Vancouver’s Olympic organizing committee is planning to pay about $30 million in bonuses to its employees once the Olympic Games are finished.

Comments

by ridenrain
Fri Oct 16, 2009 6:01 am
Bonus's only get paid if there's a profit.
by Freakinoldguy
Fri Oct 16, 2009 7:15 am
Given the creative bookeeping that's be done for the funding of the Games, to ensure "they come in on budget" I'd be willing to put money on them getting that bonus.
by Regina
Fri Oct 16, 2009 1:05 pm
It's not really a bonus but more of a hold back in order to retain their employment for the full length of time they'll need them. It should be calculated into their other pay and determined from there if they're over paid.
by Brenda
Fri Oct 16, 2009 1:27 pm
According to a report released earlier this month, VANOC has 1,302 full-time workers. If bonuses are distributed only to those workers — which is unclear, given the committee has not fully explained the program — the average payment would be just over $23,000.

There are people that dont make that in a year of full time hard work.

What about the volunteers? What do they get? a bunch of flowers?

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