The BC Lottery Corporation wouldn’t have paid out as hefty a severance package to former CEO Michael Graydon earlier this year had it known he had broken conflict of interest rules, says the board’s chair.
Lottery chairman Bud Smith said he wasn’t aware of all the information revealed Thursday in a government audit of Graydon’s departure when he and the lottery corporation board negotiated Graydon’s severance from the Crown gambling corporation on Jan. 29.
The audit found Graydon not only broke conflict of interest rules by jumping to a private competitor while heading B.C.’s gambling operations, but he also failed to properly tell the board he’d already been in active job negotiations for two months with an affiliate of Paragon Gaming.
Rob Shaw – Vancouver Sun – July 11, 2014.
Want More Investigative Content?
