Ontario Lottery and Gaming Sees Top Seats on the Line


Corporation first to slash executive positions by third, then to appoint new CEO

Paul Godfrey, the Chairman of the Ontario Lottery and Gaming Corporation, which has been rebuilding its reputation from a number of scandals, commented on a report issued by Toronto Star that the payroll for the company staff earning CDM$100,000 a year had tripled to CDM$31 million in the past few years, since 2003. In his response, Godfrey said it is not likely that the number of CDM$100,000-plus earners will be reduced, explaining that 'it takes money to make money,' and putting a particular stress at the corporation's plans to include online gambling in its offering in 2012.

Godfrey further stated that the corporation will cease the search for a new CEO until they cut executive positions by a third, most likely by reducing the current number of nine vice-presidents to six. According to him, streamlining the executive will make it easier to hold senior vice-presidents accountable for improved results.

In order to save money and increase profits for taxpayers, the corporation is making a considerable effort to conduct 'major cost controls' and a detailed look at outsourcing functions throughout the corporation, such as information technology. 'Everything is up for review,' added Godfrey.

Bingo Society News General Bingo News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

16s ago someone from us flag United States read article A Christmas Bonus Market Featuring Extra Spins and Bonuses at Wink Bingo

Bingo Community

Share this page on:
Follow LBB on:
Follow LBB

Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.

In the last 24h

Totals

  • New Members
    7
  • Members Online
    20
  • Guests
    1,027


eighteen plus only

Follow LBB on Facebook Follow LBB on Twitter Follow LBB on Pinterest Follow LBB on Google plus

DON'T MISS OUT!

Subscribe to our newsletter and get access to tournament codes, the biggest and best exclusive offers, new brand alerts, rogue reports and more!

Enter your email adress:

T&C's Apply. 18+


You have been successfully subscribed to receive LBB newsletter!